Davidson, NC Real Estate Market Trends – September 2023

Davidson NC Market Trends September 2023

Today we will be exploring the correlation between several key real estate metrics that are of utmost importance to both buyers and sellers in the market. By analyzing this data, we aim to provide you with valuable insights into the current state of the Davidson, NC real estate market and empower you to make informed decisions.

Months Supply

Let’s start by examining the “Months Supply of Inventory,” which currently stands at 4.43. This metric represents the number of months it would take to sell all available homes on the market if no new listings were to come on. A lower supply of inventory indicates a seller’s market, where demand exceeds supply, leading to potentially higher prices.

Davidson NC Months Supply September 2023

Now, let’s shift our attention to the “12-Month Change in Months of Inventory,” which shows an increase of +44.3%. This signifies a significant shift in the market dynamics over the past year, with the supply of homes increasing at a relatively faster pace compared to the demand. This shift could potentially result in a more balanced market or even a buyer’s market, where buyers have more negotiating power.

Days On Market

Moving on, we come to the “Median Days Homes are On the Market,” which currently stands at 52. This metric indicates the average number of days it takes for a home to sell once it is listed. A shorter time on the market suggests a higher demand for properties, which can lead to quicker sales and potentially multiple offers from interested buyers.

Davidson NC Days on Market September 2023

Sale Price Versus List Price

Next, we have the “List to Sold Price Percentage,” which currently stands at 97.8%. This metric demonstrates the percentage at which a home’s final sale price compares to its original listing price. A higher percentage suggests that sellers are receiving offers close to their asking price, indicating a competitive market and potentially higher property values.

Davidson NC Percetage of List Price September 2023

Median Sold Price

Finally, we arrive at the “Median Sold Price,” which currently sits at $684,900. This metric represents the middle point of all the sold prices in a given area, providing an insight into the overall price range of homes in the market. A higher median sold price suggests a more affluent market, whereas a lower figure may indicate more affordable options for buyers.

Davidson NC Median Sold Price September 2023

What The Numbers Mean

Now, let’s connect the dots between these metrics. The increase in the “12-Month Change in Months of Inventory” indicates a potential shift towards a buyer’s market, which is further supported by the relatively high “Months Supply of Inventory.” This shift could potentially result in homes spending more time on the market, as indicated by the “Median Days Homes are On the Market.”

However, despite these market dynamics, the “List to Sold Price Percentage” remains relatively high at 97.8%, suggesting that sellers are still receiving offers close to their asking price. This implies that while buyers may have more options to choose from, they still need to remain competitive in their offers.

Lastly, the “Median Sold Price” of $684,900 indicates that the market is currently catering to buyers and sellers in the mid to higher price ranges, making it important for both parties to carefully consider their pricing strategies.


In conclusion, these real estate metrics provide valuable insights into the current state of the market. Buyers may find themselves in a market where they have more options to choose from, potentially leading to longer negotiation periods. On the other hand, sellers can still expect to receive offers close to their asking price, given the high “List to Sold Price Percentage.” As always, it is crucial for both buyers and sellers to work with experienced real estate professionals who can navigate the market and guide them towards achieving their goals.


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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.