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| MARCH 2025 | |||
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| Units Sold 11 |
Active Inventory 37 |
Median Sale Price $319,900 |
Days On Market 88 |
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| Down Vs. Year Ago |
Down -33% Vs. Year Ago |
Down -3% Vs. Year Ago |
Up 44% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 11 sold this month in Mecklenburg County Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 18 units or 33%. The total number of active inventory this March was 37 compared to 55 in March 2024. This month's total of 37 is lower than the previous month's total supply of available inventory of 44, a decrease of 16%. |
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Median Sale Price
Last March, the median sale price for Mecklenburg County Homes was $330,000. This March, the median sale price was $319,900, a decrease of 3% or $10,100 compared to last year. The current median sold price is 3% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 14 |
Current Contracts 20 |
Sold Vs. List Price 93.7% |
Months of Supply 3.4 |
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| Down -33% Vs. Year Ago |
Up 82% Vs. Year Ago |
Down Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In March, there was 3.4 months of supply available in Mecklenburg County. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 14 homes newly listed for sale in Mecklenburg County compared to 21 in March 2024, a decrease of 33%. There were 20 current contracts pending sale this March compared to 11 a year ago. The number of current contracts is 82% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Mecklenburg County was 93.7% of the average list price, which is lower than at this time last year. Days on Market
This month, the average number of days on market was 88, higher than the average last year, which was 61, an increase of 44%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by RVLG and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of RVLG or Long & Foster Real Estate, Inc. |
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