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

Wed Oct 24 2018
This week the median list price for Charlotte, NC 28211 is $699,949 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has held steady at or around 148. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Wed Oct 24 2018
This week the median list price for Charlotte, NC 28211 is $699,949 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has held steady at or around 148. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $699,949
Per Square Foot $245
Days on Market 102
Price Decreased 45%
Price Increased 4%
Relisted 7%
Inventory 148
Median House Rent $1,550
Most Expensive $4,495,000
Least Expensive $255,000
Market Action Index
Slight Seller's Advantage
33

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$1,795,000 5,503 0.5 - 1 acre 5 5 14 1 1 131
$899,900 3,755 0.25 - 0.5 acre 4 4 14 3 0 102
$579,900 2,545 0.25 - 0.5 acre 4 3 56 5 3 105
$400,000 2,196 0.25 - 0.5 acre 3 2 51 6 4 68