In November, home prices fell moderately from the month before, with a median listing price of $435,000.
The number of listings on the market shrank 4.4% from last month, which is a bigger decrease 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 rise in November. But the most recent data shows that the price per square foot decreased by 1.1% 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 smaller the national market.
Charlotte inventory
In November, there were 2,961 homes for sale in Charlotte, which was 4.4% less than the month before and 33.1% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
The number of new listings in Charlotte was 992, which was 17.2% less than the month before and 0.8% more than the same time last year.
Nationally, the number of new listings fell by 14.1% from last month to 330,908.
Time on market
Homes in Charlotte take an average of 60 days to sell, according to November figures.
This is four days more than the previous month and seven days more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
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.