September 2024 Real Estate Market Report
Provided by Rachel Brumfield, Allen Tate Corporate Services
The September 2024 Charlotte Region Market Report is now available. Here’s what you should know.
The region’s housing market in 2024 remains competitive, characterized by high demand, rising home prices, and limited inventory. While price growth has moderated compared to the rapid increases seen during the pandemic years, the market remains robust.
The median sales price in the region is currently around $395,000, reflecting a 3.9% increase from the previous year. This growth rate, while slower than in recent years, still represents healthy appreciation.
The region continues to face a tight housing inventory, with active listings currently around 9,454 properties, up 42% from the previous year. This continued shortage has created a persistent demand-supply gap, particularly for homes priced between $300,000 and $500,000.
The average number of days a home stays on the market (DOM) has increased to 38 days, up from 29 days the previous year.
Read the full report here… September 2024 Charlotte Region Market Report
Previous
