Despite the supply increase, home inventory across the Charlotte market remains scarce.

St. Petersburg Housing Authority was one of more than 2,700 Public Housing Authorities to receive grants from HUD on May 6.

The 415-acre estate boasts a two-story waterfall, an 8,700-gallon aquarium and a bowling alley.

One of the biggest reasons for high home prices is shifting, but that's not the only factor shaping the market.

Sales include all completed towers, which are 100% sold, and five mixed-use developments that are in pre-sales or under construction, according to the report and a May 8 announcement from Ward Village.

Grange, Johnson Development's 1,130-acre community in the Katy Prairie area, started construction this spring.