Davidson, NC Real Estate Market Report – January 2024

Chart of Davidson NC Real Estate Market Trends January 2024

Davidson, NC Real Estate Trends For January 2024

In the world of real estate, there are several key metrics that both buyers and sellers should pay close attention to. These metrics provide valuable insights into the current state of the market and can help inform important decisions. Today, we will explore the correlation between months supply of inventory, 12-month change in months of inventory, median days homes are on the market, list to sold price percentage, and median sold price. By understanding how these metrics relate to each other, you will be better equipped to navigate the real estate landscape.

Months Supply

Let’s start with the months supply of inventory, which currently stands at 2. This metric represents the number of months it would take to sell all existing inventory if no new listings were added. A lower number indicates a seller’s market, where demand exceeds supply. In this scenario, sellers have the advantage as competition among buyers is fierce, potentially driving up prices.

Chart of Davidson NC Real Estate Months Supply January 2024

The 12-month change in months of inventory is an important indicator of market trends. With a decrease of -43.98%, it suggests a significant reduction in the availability of homes for sale compared to the previous year. This decline indicates a tightening market, where inventory is decreasing at a faster pace. Buyers may face challenges finding suitable properties, while sellers can expect increased demand and potentially higher prices.

Days On Market

Median days homes are on the market is another metric that provides valuable insight into market dynamics. At 44 days, it indicates that properties are spending a relatively short amount of time on the market before being sold. This suggests a fast-paced market, where properties are in high demand and buyers need to act swiftly to secure their desired homes. Sellers can expect a quicker turnaround time, but buyers may face increased competition.

 Chart of Davidson NC Real Estate Days on Market January 2024

Sale Price Versus List Price

The list to sold price percentage is a crucial metric for both buyers and sellers. With a percentage of 91.6%, it indicates that, on average, homes are selling for approximately 91.6% of their listing price. This suggests that sellers have some negotiating power, as buyers are submitting offers below the initial asking price. However, it is important to note that this is just an average, and individual negotiations can vary significantly.

Char of Davidson NC Real Estate Percetage of List Price January 2024

Median Sold Price

Lastly, the median sold price stands at $795,000. This metric represents the middle value of all sold prices, indicating the price at which half of the properties sold for more and half sold for less. It provides a snapshot of the overall market and can help both buyers and sellers understand the price range they can expect.

Chart of Davidson NC Real Estate Median Sold Price January 2024

What The Numbers Mean

When we examine the correlation between these metrics, we can see how they are interconnected. The low months supply of inventory and the significant decline in the 12-month change in months of inventory suggest a tightening market with limited availability. This, in turn, contributes to the relatively short median days homes are on the market, indicating high demand. The list to sold price percentage reflects the negotiation power of sellers, potentially resulting from the limited inventory. Lastly, the median sold price gives us an idea of the price range within this market.


In conclusion, these real estate metrics provide valuable insights into the current market conditions. For buyers, it is important to be prepared for a competitive market with limited options and potential negotiations on price. Sellers, on the other hand, can expect increased demand and potentially higher prices. By keeping a close eye on these metrics and understanding their correlation, both buyers and sellers can make informed decisions and navigate the real estate landscape with confidence.


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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.