Your Real Estate Market Update

Charlotte, NC

Single-Family Homes

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



Charlotte, NC

Mon Jun 17 2019
This week the median list price for Charlotte, NC is $410,500 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 1802. 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

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

Mon Jun 17 2019
This week the median list price for Charlotte, NC is $410,500 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 1802. 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

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 $410,500
Per Square Foot $166
Days on Market 80
Price Decreased 44%
Price Increased 4%
Relisted 5%
Inventory 1802
Median House Rent $1,450
Most Expensive $6,250,000
Least Expensive $50,000
Market Action Index
Strong Seller's Market
47

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 4,420 0.5 - 1 acre 5 4 21 38 49 132
$515,000 2,882 0.25 - 0.5 acre 4 3 23 68 71 70
$345,000 2,481 0.25 - 0.5 acre 4 2 22 64 81 69
$240,000 1,732 0.25 - 0.5 acre 3 2 31 128 147 50