CHARLOTTE — According to leaders in Mecklenburg County, the housing market has made a turn from a seller’s market.
The county says the most recent data shows a supply increase, with sellers making concessions on prices because of higher interest rates. The increased rates have also slowed buying activity altogether.
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The new report found that compared to September 2021 to September 2022, there was a 21.5% decrease in home buying.
The supply of homes has increased from 828 in March, to more than 2,400 in September.
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