Not yet. Single Family Homes still going under contract the first weekend they list in desirable Charlotte NC suburbs.
This is in addition to atleast 3 new construction developments within a couple miles of each other where I live, all priced 20% higher than existing homes.
The desirable areas tend to take longer to slow down. Less desirable areas (e.g. when NoDa was just starting to gentrify) have enough uncertainty that small spooks can cause quick changes since you could get a good deal or you could end up in a crappy neighborhood.
This is in addition to atleast 3 new construction developments within a couple miles of each other where I live, all priced 20% higher than existing homes.
Looks like there's still demand out there.