Despite Reports of National Luxury Downturn, Charlotte Bucks Trends

As national media sources such as the Wall Street Journal reported luxury real estate “crashes” in some of the country’s largest markets, the Charlotte region’s upper end luxury residential market held up solidly in the just completed third quarter.

While the range below $1 million in list price showed some softening due to the rapid rise in interest rates, Charlotte’s $1 million market continued to attract high levels of showing activity, pending contracts, and closings, with many areas rivaling last year’s strong results.

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