Mike Hege, MRE

Charlotte, NC

Single-Family Homes

Pridemore Properties



Charlotte, NC

Wed Jan 22 2020
This week the median list price for Charlotte, NC is $365,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 1232. 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. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Charlotte, NC

Wed Jan 22 2020
This week the median list price for Charlotte, NC is $365,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 1232. 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. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Charlotte market.
Median List Price $365,000
Per Square Foot $161
Days on Market 102
Price Decreased 36%
Price Increased 7%
Relisted 6%
Inventory 1,232
Median Rent $1,545
Most Expensive $7,000,000
Least Expensive $85,000
Market Action 45
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
$1,095,000 4,292 0.5 - 1 acre 4 4 16 24 18 181
$450,000 2,797 0.25 - 0.5 acre 4 3 20 46 42 95
$309,900 2,267 0.25 - 0.5 acre 4 2 16 52 57 75
$222,990 1,552 8,000 - 10,000 sqft 3 2 27 86 90 57