Though home sales increased across the entire Charlotte region in March, a slowdown inflicted by the novel coronavirus pandemic appears to be in the early stages, shows Multiple Listing Service data from last month.
[ ALSO READ: What’s planned for townhouse development in fast-changing neighborhood ]
Home sales totaled 4,254 in March, representing at 5.5% increase year over year, according to Canopy Realtor Association’s monthly report on local existing-home activity.
But pending home sales, an indicator of buyer demand, reversed course in March, declining 2.8% year over year. That’s quite different from January and February, when local activity for pending contracts posted double-digit year-over-year increases — rising 26.7% and 24.8%, respectively.
Read the full story here for more stats on the local housing market.
[ ALSO READ: Real estate roundup: Latest residential projects around town ]
This browser does not support the video element.