Your Real Estate Market Update

Charlotte, NC

Single-Family Homes

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



Charlotte, NC

Mon Nov 19 2018
This week the median list price for Charlotte, NC is $384,900 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 1997. 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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Mon Nov 19 2018
This week the median list price for Charlotte, NC is $384,900 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 1997. 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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $384,900
Per Square Foot $157
Days on Market 86
Price Decreased 47%
Price Increased 5%
Relisted 6%
Inventory 1997
Median House Rent $1,295
Most Expensive $7,000,000
Least Expensive $52,000
Market Action Index
Slight Seller's Advantage
40

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
$925,000 4,014 0.25 - 0.5 acre 4 4 18 22 47 137
$469,950 2,924 0.25 - 0.5 acre 4 3 21 53 51 90
$319,990 2,294 0.25 - 0.5 acre 4 2 22 50 68 68
$217,975 1,649 0.25 - 0.5 acre 3 2 27 124 112 49