Charlotte Region Real Estate in May: Sales Up 26% YoY, Inventory Down 62% YoY

Note: Remember sales were weak in April and May 2020 due to the pandemic. I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

For the Charlotte Region:

Closed sales in May 2021 were 4,784, up 26.4% from 3,785 in May 2020.

Active Listings in May 2021 were 3,104, down 62.0% from 8,177 in May 2020.

Inventory in May was up 2.8% from last month.

Months of Supply was 0.6 Months in May 2021, compared to 1.9 Months in May 2020.