ALL THE WAY HOME

by Liz Young

2021 Real Estate Recap

Welcome to my first blog post of 2022! Today, let’s look back briefly as to what happened in the Charlotte region over the fourth quarter. The statistics that I will be listing below are from Canopy MLS, which is the multiple listing service for the greater Charlotte area.

• In November, the median sales price for homes rose 21% and now our median sales price is  $352,000 in the Charlotte area.
• The closed price vs. list price is up to 100.2% of list price. This means that houses are on average selling for 0.2% over the list price. As you know, it’s a sellers market, many houses are selling way above list price, and the final sales price is higher than what sellers are actually listing their homes for.
• Our inventory of homes  is still very low. As we move through 2022, real estate experts are still expecting a sellers market where there is predicted to be low inventory and rising Interest rates, which I will discuss in a future blog post.
• It seems that with the increased demand for housing from millennials, baby boomers, upsizers, downsizers, and people wanting to relocate due to the recent pandemic, demand will remain high through 2022.  

In 2021, I had the privilege of helping two Generation Z home buyers purchase their first home so this demographic is definitely on its way to competing with everyone else who is looking to buy a home!

As always, I’m happy to talk about real estate! If you have any questions, reach out to me at (704) 578-9513 or liz@lizyoungrealtor.com. 

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