Charlotte’s housing market value sees big jump

CHARLOTTE — Home prices surged across Mecklenburg County and the entire Charlotte region last year, and a new report sheds light on the pandemic’s impact on housing values in the local metro area.

The study from Seattle-based online real estate brokerage Redfin Corp. pointed to a 17.3% increase in the total value of homes in the Charlotte metro between February 2020 and February 2021. That brought the housing value here up $45.5 billion in the one-year span to total $308 billion.

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Charlotte’s growth rate ranked third of the nation’s 50 largest metro areas.

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