Davidson Real Estate Market Update May 2024

Davidson Real Estate Market Trends

Davidson, North Carolina, is experiencing dynamic changes in its real estate market this year. Whether you're considering buying, selling Davidson Real Estate for 1%, or investing, understanding the latest trends can help you make informed decisions.

Key Metrics for May 2024:

New Listings in Davidson: Increased by 5.3% (60 new listings compared to 57 in May 2023).
Closed Sales in Davidson: Slightly up by 2.2%, with 47 homes sold compared to 46 last year.
Median Sales Price: Decreased by 5.9% to $645,750, down from $686,600.
Average Sales Price: Slightly increased by 0.9% to $894,081.
Percent of Original List Price Received: Decreased to 98.3%, reflecting a slight cooling in the market.
Days on Market: Increased by 58.3% to an average of 38 days.
Cumulative Days on Market Until Sale: Increased significantly by 86.4% to 41 days.
Average List Price in Davidson: Increased by 6.2% to $989,747.
Inventory of Homes for Sale: Grew by 35.2%, providing more options for buyers.
Months Supply of Inventory in Davidson: Increased by 35% to 2.7 months, indicating a shift towards a more balanced market.

Year-to-Date Trends:

Median Sales Price in Davidson: Decreased by 7.5% to $580,200.
Average Sales Price in Davidson: Decreased by 2.0% to $747,237.
Days on Market in Davidson: Remained stable at 40 days.
Average List Price in Davidson: Increased by 10.2% to $905,899.

Market Insights

The Davidson real estate market is becoming more balanced with an increase in inventory and a slower pace of sales. While the median sales price has decreased, the slight rise in average sales prices suggests a continued demand for higher-end properties.

Expert Davidson Real Estate Guidance

Navigating this evolving Davidson Real Estate market can be challenging without the right expertise.

One Charlotte Realty, with its deep local knowledge and professional service, is here to guide you through every step of your real estate journey in Davidson. Whether you're looking to buy, sell, or invest, their experienced team is ready to assist you.

Contact One Charlotte Realty:
704-670-0000

Stay informed and make the most of the Davidson real estate market with the latest insights and professional support from One Charlotte Realty.