Maurice Barnes' Market Report

Davidson, NC

Single-Family Homes

Keller Williams Realty | 704-610-4112 | maurice.barnes@kw.com



Davidson, NC

Tue Jul 16 2024
This week the median list price for Davidson, NC is $796,634 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 64. Click here to stay informed with the Davidson market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Davidson, NC

Tue Jul 16 2024
This week the median list price for Davidson, NC is $796,634 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 64. Click here to stay informed with the Davidson market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Davidson market.
Median List Price $796,634
Median Price of New Listings $637,500
Per Square Foot $288
Average Days on Market 68
Median Days on Market 42
Price Decreased 30%
Price Increased 11%
Relisted 5%
Inventory 64
Median Rent
Market Action 39
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,492,900 5,038 0.5 - 1 acre 4 4.5 13 1 0 45
$1,235,000 3,219 8,000 - 10,000 sqft 4 3.5 9 0 5 42
$653,950 2,595 8,000 - 10,000 sqft 4 2.5 3 1 1 45
$493,700 2,394 4,500 - 6,500 sqft 4 2.5 16 2 3 35