Known for its great climate and proximity to jobs, Charlotte, North Carolina, is a desirable city for many prospective homebuyers. Matt Stone has been selling Charlotte real estate for 17 years, and as the managing broker for a team of more than 30, he’s convinced that Charlotte is a great place to buy a home, whether to live in or as an investment.
But if you’re thinking of buying a home in Charlotte, it’s important to have a good sense of what the real estate market looks like there. Here’s what you need to know about the Charlotte housing market, based on key data from the U.S. News Housing Market Index. The Charlotte metropolitan statistical area includes Concord and Gastonia.
Single-family home construction slowed down in Charlotte in 2022. In February 2022, there were 1,968 permits issued for single-family detached homes, according to data from the U.S. Census Bureau. By February of 2023, that number had dropped to 1,421. That’s about a 28% decrease year over year.
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