In August, home prices fell moderately from the month before, with a median listing price of $442,000.
The number of listings on the market remained practically unchanged from last month, but it is a smaller increase than normal for this time of the year in Charlotte, and homes are also selling slower than at the same time last year.
Home prices in Charlotte
Typically, home price per square foot in Charlotte tend to fall in August. But the most recent data shows that the price per square foot increased by 0.5% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Queen City are outpacing the national market.
Charlotte inventory
In August, there were 2,902 homes for sale in Charlotte, which was 0.7% more than the month before and 36.2% more than the same time last year.
Meanwhile, active inventory across the nation fell by 0.4% from last month to 1,098,681.
Time on market
Homes in Charlotte take an average of 57 days to sell, according to August figures.
This is six days more than the previous month and 13 days more than the same month last year.
For comparison, nationally homes spent an average of 60 days on the market in August.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Charlotte, NC.