Your Real Estate Market Update

Charlotte, NC

Single-Family Homes

Danielle Edwards | 704-604-2999 | drivendanielle@gmail.com | http://soldondanielle.com



Charlotte, NC

Sun May 26 2019
This week the median list price for Charlotte, NC is $410,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 1850. Click here to stay informed with the Charlotte market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Charlotte, NC

Sun May 26 2019
This week the median list price for Charlotte, NC is $410,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 1850. Click here to stay informed with the Charlotte market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Charlotte market.
Median List Price $410,000
Per Square Foot $167
Days on Market 83
Price Decreased 41%
Price Increased 5%
Relisted 5%
Inventory 1850
Median House Rent $1,445
Most Expensive $7,000,000
Least Expensive $60,000
Market Action Index
Strong Seller's Market
47

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

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
$1,082,500 4,400 0.5 - 1 acre 4 4 20 38 35 132
$525,000 3,012 0.25 - 0.5 acre 4 3 21 58 56 80
$345,000 2,448 0.25 - 0.5 acre 4 2 21 77 52 65
$240,000 1,737 0.25 - 0.5 acre 3 2 28 135 112 57