North Carolina Real Estate Trends As we navigate the complexities of an election year, many are curious about the current state of the real estate market. I am committed to providing you with timely and accurate updates, backed by firsthand experience and reliable statistics.
Our latest market analysis reveals:
- A 3.3% annual increase in home prices in May, accompanied by a slight 0.02% rise in sales and a notable 14.4% increase in available inventory.
- A median sales price of $384,500 in May 2024, representing a 3.6% increase from the previous year, with an average sale duration of 33 days.
- A total of 33,021 homes listed for sale in May, surpassing the 24,669 listings in May 2023.
- An increase in housing supply to 2.3 months, up from 1.9 months in May 2023.
- A 3.3% appreciation in home values, with the average sale duration remaining steady at 33 days.
- A median sale price of $384,500, which is 10.4% lower than the national median of $424,350.
Stay informed with the regular market updates, provided monthly or as drastic changes occur. Subscribe to our website to get notifications whenever a new post is released.
rely on the accurate statistics to guide your real estate decisions.
With you to the finish line -Christelle Jeaara
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