CHARLOTTE — Homebuyers and sellers in the Charlotte region are pumping the brakes this spring — typically a hot time in the housing market — amid ongoing economic uncertainty, fluctuating interest rates and low supply.
Closings, pending sales and new listings all dropped on both an annual and monthly basis in April, according to the latest Canopy Realtor Association report on residential real estate activity across the 16-county Charlotte region.
The 3,581 closed sales recorded this April were down 21.8% from 4,579 closings in the same month last year and down 6.3% from 3,832 closings in March. The number of local homes to go under contract in April fell to 4,328, down 9.1% annually, while the region’s count of new listings in April — at 4,349 — represented an annual drop of 25.1%.
A couple of small, rural and more affordable pockets of the Charlotte region saw year-over-year growth in home sales in April, the Canopy MLS data showed.
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