Mike Hege, MRE

Charlotte, NC

Single-Family Homes

Pridemore Properties



Charlotte, NC

Fri Sep 20 2019
This week the median list price for Charlotte, NC is $389,043 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has held steady at or around 1826. Click here to stay informed with the Charlotte market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Charlotte, NC

Fri Sep 20 2019
This week the median list price for Charlotte, NC is $389,043 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has held steady at or around 1826. Click here to stay informed with the Charlotte market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Charlotte market.
Median List Price $389,043
Per Square Foot $164
Days on Market 86
Price Decreased 49%
Price Increased 4%
Relisted 5%
Inventory 1826
Median House Rent $1,545
Most Expensive $7,000,000
Least Expensive $47,500
Market Action Index
Strong Seller's Market
47

The market seems to have paused around this plateau. 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
$986,250 4,193 0.5 - 1 acre 4 4 19 39 28 148
$483,949 2,888 0.25 - 0.5 acre 4 3 21 50 53 78
$329,000 2,406 0.25 - 0.5 acre 4 2 21 66 67 64
$234,900 1,601 0.25 - 0.5 acre 3 2 33 100 131 53