Davidson NC Real Estate Market Update October 2024

Davidson Real Estate Market Update October 2024 | Sell for 1% Listing Commission

The Davidson Real Estate market in North Carolina, experienced significant changes in October 2024. With 38 new listings, a 2.7% increase from October 2023, and a notable 57.1% increase in closed sales, it’s clear that buyer activity is picking up. However, the market still presents some challenges for sellers, particularly in pricing strategies.

Key Insights from October 2024:

Pending Sales: Increased by 2.9% year-over-year, showing steady buyer interest.
Median Sales Price: Dropped to $600,000, a 15% decline compared to October 2023.
Average Sales Price: Decreased by 7.1% to $829,206, reflecting some market adjustments.
Percent of Original List Price Received: Reduced to 95%, suggesting a shift toward buyer leverage.
Days on Market: Increased to 57 days, a 62.9% jump from last year, indicating a slower pace of sales.
Inventory: Rose by 42%, with 98 homes available for sale, leading to a 2.6-month supply of inventory, a 30% increase.

Year-to-Date Metrics:
Year-to-date data highlights a 19% rise in new listings and a 9.1% increase in closed sales compared to the same period in 2023. These trends showcase a growing but competitive market. Sellers need to adapt to pricing shifts and longer timelines, as evidenced by the 8.5% reduction in “List to Close” metrics.

Davidson’s Market Opportunities
For buyers, the rising inventory and declining median sales prices offer greater opportunities to find deals. For sellers, pricing competitively and making homes stand out will be critical in this market. The extended days on the market further emphasize the importance of working with an experienced real estate agent.

Sell Your Davidson Home for Just 1% Listing Commission!

If you’re considering selling your home in Davidson, you don’t have to pay a fortune in real estate commissions. One Charlotte Realty offers a seller-friendly 1% listing commission, helping you maximize your earnings while receiving top-tier service. You choose how much to offer to the buyers agent: anywhere from 0% to 3%.
With the market’s competitive dynamics, partnering with a brokerage that saves you money can make all the difference.

Contact One Charlotte Realty at 704-670-0000 to learn more about our discount commission model and how we can help you sell your Davidson home efficiently and affordably.