Your Real Estate Market Update

Charlotte, NC

Single-Family Homes

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



Charlotte, NC

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Charlotte, NC

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Charlotte market.
Median List Price $399,900
Per Square Foot $166
Days on Market 92
Price Decreased 35%
Price Increased 5%
Relisted 5%
Inventory 1697
Median House Rent $1,375
Most Expensive $7,000,000
Least Expensive $75,000
Market Action Index
Slight Seller's Advantage
42

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
$1,050,000 4,341 0.5 - 1 acre 4 4 18 50 28 131
$524,950 3,004 0.25 - 0.5 acre 4 3 20 50 43 99
$335,450 2,326 0.25 - 0.5 acre 4 2 21 72 63 82
$229,305 1,666 0.25 - 0.5 acre 3 2 32 122 116 55