Is Charlotte bucking a real estate trend? What homes are selling for right now

As summer arrives, so does a report that the Charlotte real estate market started winding down by bucking a common seasonal trend.

Home sales in the Charlotte area fell 7% from March to April, per the latest National Housing Report from RE/MAX. This was true despite sales typically increasing every month from February to June — a peak home-buying season.

And overall home sales are also down 21.9% year-over-year in the metro area, RE/MAX said.

“The data tells a story, but it’s just one side of the story. Sales may be down across the US as buyers move-up, who like their current mortgage rate, choose to stay in their homes,” RE/MAX President and CEO Nick Bailey said in a statement. “But first-time homebuyers are active and those entering the market have an edge as sellers are negotiating more and giving buyers a chance.”

Here’s what to know about the state of the Charlotte housing market at the start of summer:

What are homes selling for in Charlotte?

The median home sale price in Greater Charlotte as of April, the most recent data available, was $386,409, per RE/MAX’s report.

That’s up 1.7% from March’s median but down 1.9% from April 2022.

The median listing price for homes in the area was $417,943 in April, up 4.6% from March and 4% from April 2022, RE/MAX’s data shows.

Properties spent an average of 34 days on the market in April, down from March but up 30.1% from a year ago.

And the region’s active inventory ticked up from March to April, by 2.6%.

Where can you get the best home deals in Charlotte?

Although there are trends across the Charlotte region, home values ​​can vary across the area’s many ZIP codes.

Use the interactive map below to explore home values ​​in your neighborhood, or the neighborhood you’re looking to move to:

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