Your Real Estate Market Update

Charlotte, NC 28211

Single-Family Homes

Danielle Edwards | 704-604-2999 | drivendanielle@gmail.com | http://soldondanielle.com



Charlotte, NC 28211

Sat Dec 15 2018
This week the median list price for Charlotte, NC 28211 is $797,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 144. Click here to stay informed with the Charlotte market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Charlotte, NC 28211

Sat Dec 15 2018
This week the median list price for Charlotte, NC 28211 is $797,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 144. Click here to stay informed with the Charlotte market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Charlotte market.
Median List Price $797,000
Per Square Foot $251
Days on Market 110
Price Decreased 46%
Price Increased 2%
Relisted 13%
Inventory 144
Median House Rent $2,800
Most Expensive $4,495,000
Least Expensive $215,000
Market Action Index
Slight Seller's Advantage
32

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,924,500 5,778 0.5 - 1 acre 5 5 12 1 1 133
$995,000 3,761 0.25 - 0.5 acre 4 4 18 4 1 117
$578,990 2,795 0.25 - 0.5 acre 4 3 37 4 4 100
$394,450 2,128 0.25 - 0.5 acre 3 2 50 4 0 89