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

Mon May 20 2019
This week the median list price for Charlotte, NC 28211 is $899,900 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 138. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Charlotte, NC 28211

Mon May 20 2019
This week the median list price for Charlotte, NC 28211 is $899,900 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 138. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Charlotte market.
Median List Price $899,900
Per Square Foot $258
Days on Market 121
Price Decreased 51%
Price Increased 2%
Relisted 7%
Inventory 138
Median House Rent $1,473
Most Expensive $6,250,000
Least Expensive $254,995
Market Action Index
Slight Seller's Advantage
37

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$2,112,000 6,197 0.5 - 1 acre 5 5 13 4 4 167
$1,147,500 4,120 0.5 - 1 acre 4 4 29 7 2 94
$749,900 2,931 0.25 - 0.5 acre 4 3 51 3 9 127
$439,000 2,180 0.25 - 0.5 acre 3 2 46 4 3 99