Davidson, NC Real Estate Market Report – December 2023

Davidson NC Market Trends December 2023

Davidson, NC Real Estate Trends For December 2023

The Davidson real estate market is a dynamic space, and understanding various metrics can help both buyers and sellers make informed decisions. Let’s analyze the correlation between some key real estate metrics to provide valuable insights for our target audience.

Months Supply

One significant metric to consider is the “Months Supply of Inventory,” which currently stands at 1.77. This metric measures the number of months it would take to sell all available homes on the market if no new listings were added. A lower number indicates a seller’s market, where demand exceeds supply, leading to potentially higher prices and faster sales.

Chart of Davidson NC Months Supply December 2023

In conjunction with the Months Supply of Inventory, it’s crucial to examine the “12-Month Change in Months of Inventory,” which indicates a -40% decrease. This percentage represents the change in the number of months it would take to sell all inventory compared to the previous year. A negative value signifies a decrease in inventory, suggesting a competitive market with limited options for buyers. In such a scenario, sellers may have more leverage in negotiations.

Days On Market

Another critical metric to consider is the “Median Days Homes are On the Market,” which currently stands at 54 days. This metric measures the average number of days it takes for a home to go from listing to being sold. A lower number typically indicates a robust market where homes are selling quickly, reflecting high demand and competitive bidding among buyers.

Chart of Davidson NC Days on Market December 2023

Sale Price Versus List Price

To gauge the pricing dynamics, we can examine the “List to Sold Price Percentage,” which sits at 97.3%. This metric represents the percentage of the listing price that homes ultimately sell for. A higher percentage suggests that homes are selling close to or above their asking prices. This data indicates that sellers have relatively strong negotiating power, and buyers may need to be prepared to make competitive offers.

Chart of Davidson NC Percetage of List Price December 2023

Median Sold Price

Lastly, we have the “Median Sold Price,” which currently stands at $1,125,000. This figure represents the middle point of all homes sold in a given period, where half the homes sold for more and half for less. It provides a snapshot of the overall pricing trends in the market. A higher median sold price indicates a more affluent market, which may be attractive to sellers but could pose challenges for buyers seeking more affordable options.

Chart of Davidson NC Median Sold Price December 2023

What The Numbers Mean

In summary, the real estate metrics paint an interesting picture for both buyers and sellers. With a low Months Supply of Inventory and a significant decrease in the 12-Month Change in Months of Inventory, sellers can expect a competitive market with potential for higher prices. The Median Days Homes are On the Market suggest that homes are selling relatively quickly, while the List to Sold Price Percentage indicates sellers have strong negotiating power. However, buyers should be prepared for competitive bidding and potentially paying close to or above the listing price. The Median Sold Price of $1,125,000 suggests a higher-end market, which may attract sellers but require buyers to consider their budget carefully.


By understanding these metrics, both buyers and sellers can navigate the real estate market more effectively and make well-informed decisions.

Thank you for listening, and I hope this analysis has provided valuable insights into the current Davidson real estate market. Good luck with your buying or selling journey!


Ready To Make Davidson, NC Your Home?

Davidson, NC Homes For Sale



Contact Form

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.



About the Author

Owner/Broker of Allen Adams Realty

Bill Adams, a North Carolina native, is founder and Owner/Broker of Allen Adams Realty, a boutique agency focused on personalized real estate services. The name “Allen Adams Realty” is derived from Bill’s full given name which is William Allen Adams.

Bill, after obtaining both a real estate sales license and an appraisal license, began his real estate career in 1998 after successful careers in the racing and automotive industries. First, a concentration on real estate appraisal services allowed Bill to gain detailed knowledge and insights into the many different facets of the greater Lake Norman and Charlotte metro real estate markets. This allowed Bill to truly understand real estate values and local markets and expand into doing both appraisal and real estate sales. Then in 2004, armed with his experience, knowledge, and expertise, Bill started his own firm and called it Allen Adams Realty. In the early years of his new firm Bill continued to do both real estate appraisal and sales and then after the downturn of the market in the late 2000’s Bill has focused solely on real estate sales.

Bill strives for excellence in all aspects of his relationship with each and every client and prides himself on providing premier dedicated and personal professional service. Bill has successfully represented a wide range of clientele from international high-end luxury buyers to young families buying their first home. Through his wide reaching marketing he has also developed a large part of his business helping those buying second homes on Lake Norman or relocating to the area. Bill’s varied background and seasoned experience has made him a trusted and highly rated expert, which has been validated by being awarded multiple Five Star Professional Award for Real Estate awards. An award given to only the top 7% of real estate agents in the entire Charlotte market area.

On a personal note, Bill has lived most of his life in North Carolina and has lived in the Lake Norman area since 1997. He currently lives in the wonderful small college town of Davidson with his lovely wife Lindsey, beautiful daughter, and beloved dog. Beyond real estate, he enjoys boating on the lake, spending time with friends and family, most all things motorsports, cars, motorcycles, Panthers football, being active, hiking and exploring in the nearby mountains, vacations to the beach, traveling, as well as many other things.