News & Media

The Real Estate Market In The Charlotte Region Ends 2024 On A High Note

Provided by Rachel Brumfield, Allen Tate Corporate Services

The December 2024 Real Estate Market (click on the link to view the sortable document) in the Charlotte region displayed impressive growth, highlighting the area’s continued appeal and economic vitality. Key metrics include:

  • Closed Sales: A substantial increase of 13.1%, rising to 3,185 from 2,816 in December 2023, reflecting strong buyer demand.
  • Average Sales Price: A healthy appreciation of 4.2%, with the average home price reaching $476,952, up from $457,528 the previous year.
  • New Listings: A modest uptick of 1.5%, with 2,651 new homes entering the market compared to 2,613 in December 2023, indicating seller confidence.
  • Inventory Levels: A significant improvement of 21.2% in inventory, with a 2.3-month supply, up from 1.9 months in 2023, moving toward a more balanced market.