Why Charlotte’s housing market has been unfazed in 2020

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While Covid-19 affects many aspects of our lives, in Charlotte, the residential real estate market continues to boom. Homes are selling quickly, inventory is low and prices are on the rise. In the Charlotte region, over the past year, new listings are down 2.9%, inventory shrank 28.4%, while pending sales increased 8.5%. These factors combined to give the region just a 1.0-month supply of homes for sale, a 32% decrease over the year. Due to this low inventory and high demand, median sale prices…

The Business Journals | Residential Real Estate News

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