Charlotte Luxury Home Sales Surge Amid High-End Boom
Record Prices Drive Charlotte's Luxury Market Despite Fewer Sales The Charlotte luxury real estate market presented an intriguing scenario in February 2025. Median home prices surged to unprecedented levels, despite a contraction in sales volume due to evolving market dynamics. The median luxury home price reached $1,395,000. This marks a significant 9.1% year-over-year increase, highlighting the market's persistent upward trend. Despite rising prices, luxury home sales saw a 4.4% decline in February. Only 129 properties were sold compared to the previous year, illustrating the complex luxury trends in Charlotte's high-end residential sector. Demand continues to outpace supply, even amidst affordability challenges. Market analysis reveals a seller's market, with a mere 2.9 months' worth of available inventory. New listings went up by 10.3% during the month. Inventory levels jumped by 18.7%, offering buyers more choices while failing to curb escalating prices. The av...