CENTER CITY CONDO MARKET Q2 HOMES SOLD

Charlotte Market Forecast

Charlotte and North Carolina’s real estate market continues to show resilience and strength moving into the second half of the year While inventory supplies in some areas have now exceeded 45 days supply, this still represents fairly tight inventory conditions In high demand areas like Myers Park and SouthPark, supply is more in line with 30 days worth of absorption. What’s also apparent, is that while sellthrough totals have tapered somewhat off since peak Covid levels, they have still settled at a pace that is often two to three times the demand that existed in 2019 With that demand comes new thresholds in pricing strata. It’s unlikely that the local market in the short term will see much, if any, retrenching on the pricing side absent gradual inventory increases.