Huntersville, NC Real Estate Market Trends – September 2023

As potential buyers and sellers in the real estate market, it is crucial for you to stay informed about the various metrics that drive this industry. Today, we will delve into the correlation between different real estate metrics for the Huntersville, NC market to provide you with valuable insights and help you make informed decisions.

Months Supply

Let’s start by looking at the Months Supply of Inventory, which currently stands at 2.08. This metric represents the number of months it would take to sell all the available homes on the market if no new listings were added. A lower supply of inventory indicates a seller’s market, where demand outpaces supply, driving prices up.

Huntersville NC Month Supply of Inventory September 2023

Now, let’s examine the 12-Month Change in Months of Inventory, which shows a significant increase of 20.23%. This suggests that the market has experienced a greater influx of homes for sale in the past year, potentially leading to a more balanced or even a buyer’s market. Buyers may have more options to choose from, potentially giving them more negotiation power.

Days On Market

The Median Days Homes are On the Market for Huntersville is 35. This metric provides an insight into the average time it takes for a home to sell. A lower number suggests a faster-paced market, indicating high demand and potentially multiple offers on properties. This can be advantageous for sellers as it indicates a higher likelihood of a quicker sale.

Huntersville NC Days on Market September 2023

Sale Price Versus List Price

For the List to Sold Price Percentage, which is currently at 100%. This means that, on average, homes are selling for their list price. This is a positive indication for sellers, as it shows that buyers are willing to pay the full asking price. However, buyers may need to be prepared to compete with other buyers and potentially offer the list price or higher to secure a property.

Huntersville NC Percentage of Sales Price September 2023

Median Sold Price

Lastly, we have the Median Sold Price, which stands at $527,000. This metric represents the midpoint of all home prices sold in a given period. It reflects the overall market value and can provide an indication of where the market is heading. A higher median sold price suggests a strong market with increased property values, benefiting sellers. However, buyers should be aware that they may need to consider their budget and potentially negotiate to secure a property within their price range.

Huntersville NC Median Sales Price September 2023

What The Numbers Mean

In summary, the correlation between these real estate metrics indicates a dynamic market with certain factors favoring both buyers and sellers. The increase in the Months Supply of Inventory over the past year suggests a potentially more balanced market, giving buyers more options. However, the low Median Days on the Market and List to Sold Price Percentage indicate a strong demand, benefiting sellers. Ultimately, it is crucial for both buyers and sellers to stay informed and work with experienced professionals to navigate this ever-changing real estate landscape.


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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.