Mike Hege, MRE

Charlotte, NC

Single-Family Homes

Pridemore Properties



Charlotte, NC

Wed May 27 2020
This week the median list price for Charlotte, NC is $387,200 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has held steady at or around 1,611. 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 started cooling and prices have been flat for several weeks. 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

Wed May 27 2020
This week the median list price for Charlotte, NC is $387,200 with the market action index hovering around 50. This is less than last month's market action index of 51. Inventory has held steady at or around 1,611. 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 started cooling and prices have been flat for several weeks. 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 $387,200
Per Square Foot $166
Days on Market 72
Price Decreased 28%
Price Increased 9%
Relisted 4%
Inventory 1,611
Median Rent $1,375
Most Expensive $7,000,000
Least Expensive $79,000
Market Action 50
Strong Seller's Market

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
$1,195,000 4,182 0.25 - 0.5 acre 5 4 13 41 30 115
$494,000 2,811 0.25 - 0.5 acre 4 3 20 57 75 76
$324,490 2,396 8,000 - 10,000 sqft 4 2 14 83 76 49
$230,000 1,632 8,000 - 10,000 sqft 3 2 23 110 116 47