CHARLOTTE — Charlotte and other relatively affordable markets on the East Coast are seeing luxury home prices rise the fastest in the nation, according to a new report from Redfin Corp.
The Charlotte area’s luxury housing market posted a 9.2% year-over-year price increase during the second quarter — tied with Newark, New Jersey, as second highest of the 50 largest U.S. metro areas. The median sale price of a luxury home here rose to $1.31 million, according to Redfin data. In Newark, it increased to about $1.62 million.
That continues a boost seen in the top end of Charlotte’s housing market since the start of the pandemic.
The only metro in Redfin’s report with a higher price increase was New Brunswick, New Jersey.
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