Davidson, NC Real Estate Market Trends – November 2023

Davidson NC Market Trends November 2023

In the real estate market, there are several key metrics that can provide valuable insights for both buyers and sellers. By understanding the correlation between these metrics, you can make more informed decisions when it comes to buying or selling a property in Davidson, NC.

Months Supply

Let’s start by looking at the Months Supply of Inventory, which currently stands at 1.99. This metric represents the number of months it would take to sell all the available homes on the market, assuming no new listings are added. A lower number indicates a seller’s market, where demand exceeds supply, leading to potential bidding wars and higher prices.

Davidson NC Months Supply November 2023

The 12-Month Change in Months of Inventory is another important metric, showing a decrease of -35.39%. This indicates that the supply of homes on the market has significantly decreased over the past year. This could be due to various factors such as increased demand, limited new construction, or a higher rate of homes being sold. The decrease in inventory suggests a competitive market where buyers may need to act quickly to secure a property.

Days On Market

Moving on to the median Days Homes are On the Market, we see a figure of 47. This represents the average number of days it takes for a home to sell after being listed. A lower number suggests a faster-paced market, indicating high demand and potentially multiple offers on properties. Sellers can take advantage of this by pricing their homes competitively and attracting motivated buyers.

Davidson NC Days on Market November 2023

Sale Price Versus List Price

The List to Sold Price Percentage is another significant metric, currently standing at 97.9%. This percentage represents the ratio between the listing price and the final sold price of a property. A higher percentage indicates that sellers are achieving prices close to their asking price, potentially signaling a strong market and buyer competition. However, buyers should still conduct thorough market research to ensure they are making fair offers and not overpaying.

Davidson NC Percetage of List Price November 2023

Median Sold Price

Lastly, the Median Sold Price is $780,000. This figure represents the midpoint of all the sold prices within a given time frame. It provides a snapshot of the market’s overall price range and can help both buyers and sellers gauge what they can expect in terms of pricing. Sellers can use this information to set realistic listing prices, while buyers can evaluate whether a property falls within their budget.

Davidson NC Median Sold Price November 2023

What The Numbers Mean

In summary, the correlation between these real estate metrics suggests a competitive market with limited supply and high demand. The low Months Supply of Inventory and decreasing 12-Month Change in Months of Inventory indicate a seller’s market, where buyers may face more competition. The relatively low median Days Homes are On the Market and high List to Sold Price Percentage further support this notion. Additionally, the Median Sold Price of $780,000 provides an idea of the market’s price range. Buyers and sellers should consider these metrics carefully to make informed decisions and navigate the real estate market successfully.


As buyers and sellers, it is essential to be aware of these metrics and understand their implications. Buyers may face increased competition and should be prepared to act swiftly, while sellers can take advantage of the strong demand and potentially obtain favorable prices for their properties. By staying informed and utilizing these metrics, both buyers and sellers can make informed decisions that align with their goals in the ever-changing real estate market.

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!


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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.