Huntersville, NC Real Estate Market Report – December 2023

Chart of Huntersville NC Market Trends December 2023

Huntersville, NC Real Estate Trends For December 2023

In the world of real estate, there are several key metrics that buyers and sellers should be aware of in order to make informed decisions. These metrics provide valuable insights into the current state of the market and can help gauge the level of activity and competitiveness. Let’s dive into the correlation between the following metrics: 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.

Months Supply

First, let’s take a look at the Months Supply of Inventory, which stands at 1.12. This metric represents the number of months it would take to sell all the current listings in a particular market if no new listings were added. A lower value indicates a tighter market with high demand and limited supply. In this case, a 1.12 months supply of inventory suggests a highly competitive market where properties may sell quickly.

Chart of Huntersville NC Months Supply December 2023

The 12-Month Change in Months of Inventory is another important metric to consider. It shows the percentage change in the supply of homes over the past year. In this instance, there has been a significant decrease of 39.78% in the number of months of inventory available. This indicates a market that has become even more competitive over the past year, with a shrinking supply relative to demand.

Days On Market

Next, we have the Median Days Homes are On the Market, which stands at 18. This metric gives an idea of how long it takes, on average, for a property to sell. With a relatively low median of 18 days, it suggests that homes are selling quickly in this market. This could be attributed to high demand, limited supply, and possibly attractive pricing.

Chart of Huntersville NC Days on Market December 2023

Sale Price Versus List Price

Moving on to the List to Sold Price Percentage, which is at 98.5%. This metric represents the ratio of the final sold price of a home to its original listing price. A higher percentage indicates that homes are selling closer to their initial list price, which is often seen in a competitive market. The 98.5% figure suggests that sellers are achieving close to their desired price, further indicating a strong market.

Chart of Huntersville NC Percetage of List Price December 2023

Median Sold Price

Finally, let’s consider the Median Sold Price, which is $517,500. This metric represents the middle value of all the sold prices in a given area. It provides an indication of the overall price range and trends in the market. With a median sold price of $517,500, it suggests that properties in this market are at a relatively higher price point.

Chart of Huntersville NC Homes For Sale Median Sold Price December 2023

What The Numbers Mean

When we examine these metrics together, we can see a clear correlation. The low Months Supply of Inventory and the significant decrease in the 12-Month Change in Months of Inventory highlight a highly competitive market with limited supply. This is further supported by the low Median Days Homes are On the Market, indicating quick sales. The List to Sold Price Percentage of 98.5% suggests that sellers are achieving their desired prices, and the Median Sold Price of $517,500 indicates a market with higher-priced properties.


For buyers, it’s important to be prepared for a competitive market and act swiftly when a desirable property becomes available. Sellers can take advantage of the high demand and limited supply by pricing their homes strategically to maximize their potential sale price.


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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.