Davidson, NC Real Estate Market Trends – October 2023

Davidson NC Market Trends October 2023

When it comes to Davidson, NC real estate, there are several important metrics that both buyers and sellers should be aware of. These metrics can provide valuable insight into the current state of the market and help guide decisions related to buying or selling a property. Let’s take a closer look at the correlation between some key real estate metrics.

Months Supply

First, let’s consider the Months Supply of Inventory, which currently stands at 3.99. This metric measures the number of months it would take to sell all the available homes on the market if no new listings were added. A lower value indicates a seller’s market, where demand exceeds supply, while a higher value suggests a buyer’s market, where supply exceeds demand. In this case, a Months Supply of Inventory of 3.99 suggests a balanced market, with a relatively equal balance between buyers and sellers.

Davidson NC Months Supply October 2023

Next, let’s examine the 12-Month Change in Months of Inventory, which is +16.67%. This metric tracks the percentage change in the Months Supply of Inventory compared to the previous year. A positive value indicates an increase in supply relative to demand, while a negative value suggests the opposite. In this instance, the +16.67% change suggests that there has been an increase in inventory over the past year, potentially giving buyers more options to choose from.

Days On Market

Moving on to the Median Days Homes are On the Market, we find a value of 41. This metric measures the average number of days it takes for homes to sell once they are listed on the market. A lower value indicates a faster-paced market, where homes sell quickly, while a higher value suggests a slower market with longer selling times. With a median of 41 days, we can conclude that homes in this market tend to sell relatively quickly, indicating a healthy level of demand.

Davidson NC Days on Market October 2023

Sale Price Versus List Price

Now let’s consider the List to Sold Price Percentage, which currently stands at 99.3%. This metric measures the percentage of the listing price that a property actually sells for. A higher percentage suggests that sellers are able to sell their properties closer to their asking price, indicating a strong market with motivated buyers. In this case, a List to Sold Price Percentage of 99.3% indicates that sellers are generally able to achieve a price very close to their initial listing price.

Davidson NC Percetage of List Price October 2023

Median Sold Price

Lastly, we have the Median Sold Price, which is $750,000. This metric represents the middle point of all the sold prices in the market. It provides a snapshot of the average price at which properties are being sold. With a median sold price of $750,000, we can infer that the market consists of higher-end properties, which may attract buyers looking for more upscale homes.

Davidson NC Median Sold Price October 2023

What The Numbers Mean

In summary, these real estate metrics provide a comprehensive snapshot of the current market conditions. While the Months Supply of Inventory suggests a balanced market, the increase in the 12-Month Change in Months of Inventory indicates a growing supply. However, the Median Days Homes are On the Market shows that homes are selling relatively quickly, and the List to Sold Price Percentage suggests that sellers are receiving offers close to their asking price. Finally, the Median Sold Price of $750,000 indicates a strong demand for properties, resulting in higher prices.


As a buyer or seller, it’s important to consider these metrics when making your decisions. A balanced market with a growing supply can provide buyers with more options, while sellers can benefit from the high list to sold price percentage and strong demand. However, it’s always advisable to consult with a real estate professional who can provide personalized advice based on your specific situation.

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.