Mike Hege, MRE

Charlotte, NC

Single-Family Homes

Pridemore Properties



Charlotte, NC

Wed Nov 13 2019
This week the median list price for Charlotte, NC is $378,750 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 1620. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Wed Nov 13 2019
This week the median list price for Charlotte, NC is $378,750 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 1620. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $378,750
Per Square Foot $162
Days on Market 90
Price Decreased 45%
Price Increased 4%
Relisted 6%
Inventory 1,620
Median House Rent $1,525
Most Expensive $7,000,000
Least Expensive $87,900
Market Action Index
Strong Seller's Market
45

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
$995,000 4,229 0.25 - 0.5 acre 4 4 15 22 41 150
$473,500 2,817 0.25 - 0.5 acre 4 3 22 53 59 78
$319,900 2,309 0.25 - 0.5 acre 4 2 21 41 60 72
$235,000 1,687 0.25 - 0.5 acre 3 2 29 93 115 57