Mike Hege, MRE

Charlotte, NC

Single-Family Homes

Pridemore Properties



Charlotte, NC

Wed Dec 11 2019
This week the median list price for Charlotte, NC is $376,485 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 1450. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Wed Dec 11 2019
This week the median list price for Charlotte, NC is $376,485 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 1450. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 $376,485
Per Square Foot $163
Days on Market 99
Price Decreased 43%
Price Increased 5%
Relisted 6%
Inventory 1,450
Median Rent $1,549
Most Expensive $7,000,000
Least Expensive $72,900
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
$1,034,938 4,172 0.25 - 0.5 acre 4 4 15 9 33 165
$466,384 2,815 0.25 - 0.5 acre 4 3 23 20 37 95
$319,900 2,302 0.25 - 0.5 acre 4 2 24 27 50 75
$230,000 1,622 8,000 - 10,000 sqft 3 2 35 56 70 60