Oct 7, 2024 - News

Chart du jour: House price check

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Line chart showing the median sale price for homes in the Charlotte metro area from January 2019 to July 2024. In July 2024, local homes sold for about $415k, a 55% increase from the same month in 2019, and cheaper than the national median price of $439k. — Line chart showing the median sale price for homes in the Charlotte metro area from January 2019 to July 2024. In July 2024, local homes sold for about $415k, a 55% increase from the same month in 2019, and cheaper than the national median price of $439k. Data: Redfin; Chart: Axios Visuals

Line chart showing the median sale price for homes in the Charlotte metro area from January 2019 to July 2024. In July 2024, local homes sold for about $415k, a 55% increase from the same month in 2019, and cheaper than the national median price of $439k. — Line chart showing the median sale price for homes in the Charlotte metro area from January 2019 to July 2024. In July 2024, local homes sold for about $415k, a 55% increase from the same month in 2019, and cheaper than the national median price of $439k. Data: Redfin; Chart: Axios Visuals

Median Charlotte home prices soared 55.1% since July 2019, according to Redfin data.

Why it matters: Mortgage rates are down, but high home prices and low inventory continue to sideline many shoppers.

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