Home > Blogs > Nina Hollander, Broker > Real Estate News You Can Use From The Greater Charlotte Area

Luxury In Focus: Charlotte's Luxury Real Estate Market December 2024

By Nina Hollander, Broker

Real Estate Agent with Coldwell Banker Realty 179530

January 05, 2025 05:02 AM

CHARLOTTE REGION LUXURY REAL ESTATE MARKET REPORT: DECEMBER 2024

YEAR-OVER-YEAR TRENDS IN CHARLOTTE REGION'S LUXURY SINGLE FAMILY HOME MARKET

The December 2024 luxury homes market in the Charlotte region saw a 34.7% increase in new listings. Inventory increased 22.5%. The months supply of homes for sale declined to 2.7 months, down 3.6%, keeping the luxury segment of Charlotte's market in a seller's market. If you remove new construction from this metric, the months supply of homes was even lower at 2.2 months.

Median home sale price declined 3.9% to $1,298,000 while the average home sale price declined 12% to $1,585,345. Price per square foot increased 0.8% to $394 over last year.

Closed sales increased 31.7% in December 2024 versus the same month one year ago. Pending sales improved 34.6% from one year ago. Median list to sale price ratio declined 0.6% to 96.7%. Buyer foot traffic declined in December 2024 to 4.0 showings per listing from 4.6 showings in the same month last year. On average, single family luxury homes saw 17 showings before going under contract, down from 18 in the same month one year ago.

Median days on market were 17 in December 2024, declining one day the same month one year ago. Average days on market increased four days compared with December 2023 to 43 days.

MONTH-OVER-MONTH TRENDS IN CHARLOTTE REGION'S LUXURY SINGLE FAMILY HOME MARKET

Month-over-month, December 2024 luxury homes market in Charlotte region saw single family home new listings decline from November 2024 with 128 new listings versus 219 in the prior month.

Median sale price decreased month-over-month. The average sale price also decreased month-over-month.

Closed sales declined from November by 10 sales. Pending sales declined to 140 from 169 one month ago. The median list to sale price ratio increased month-over-month by 0.3%.

Active listings declined to 555 in December from 680 in November.

Median days on market increased one day; average days decreased six days from 49 days one month ago.

The months supply of inventory declined to 2.7 months from 3.4 months in November.

Month-over-month, buyer foot traffic declined to 4.0 showings per listing from 4.5 showings. On average, single family luxury homes saw 17 showings before going under contract, down from 10 in the previous month.

Luxury Homes Market Charlotte Region December 2024 Snapshot

Homes Sold: 162 in December 2024, up 31.7% compared with December 2023. The number of homes sold month-over-month declined by 10 homes.
Pending Sales: 140 in December 2024, up 34.6% compared with December 2023. Pending sales declined month-over-month by 29 homes.
New Listings: 128 in December 2024, up 34.7% compared with December 2023. New listings declined by 91 homes month-over-month.
Inventory of Homes: up 22.5% to 555 in December 2024 compared with December 2023. Inventory decreased by 125 homes from the previous month.
Months Supply of Homes: was 2.7 months in December 2024, down from 2.8 months in December 2023. Months supply of homes declined from 3.4 months in the previous month.
Average Days on Market: 43 days in December 2024 compared with 39 days in December 2023. Average days on market declined six days from November 2024.
Median Days on Market: 17 days in December 2024 compared with 18 days in December 2023. Median days on market increased one day from November 2024.
Average Sale Price: declined 12% year-over-year to $1,585,345 in December 2024. Compared with November 2024, the average sale price decreased by just under $59,000.
Median Sale Price: declined 3.6% year-over-year to $1,298,000. Month-over-month, median home sale price decreased by just over $134,000.
Median % Of List Price Received: declined 0.6% to 96.7% in December 2024 compared with December 2023. Month-over-month, the list to sale price ratio saw a 0.3% increase.

Want to know what this would mean for your family if you decide to buy or sell a Charlotte region luxury home?

I can help.

Call me today at 704-779-0813 or contact me here.

There’s absolutely NO OBLIGATION. A consultation with Nina Hollander is FREE.

LOOKING FOR YOUR LUXURY DREAM HOME IN GREATER CHARLOTTE?

FREE Home Buyer Guide: “Things To Consider When Buying A Home”

WONDERING WHAT YOUR CHARLOTTE AREA LUXURY HOME IS WORTH IN TODAY'S MARKET?

FREE Home Seller Guide: “Things To Consider When Selling Your House”

COLDWELL BANKER GLOBAL 2024 LUXURY MARKET INSIGHTS REPORT

Coldwell Banker 2024 Luxury Homes Insights Report

COLDWELL BANKER GLOBAL 2024 MID-YEAR LUXURY MARKET INSIGHTS REPORT

GREATER CHARLOTTE AREA HOMES FOR SALE

This Charlotte region luxury homes market December 2024 update is provided by Nina Hollander with Coldwell Banker Realty, Greater Charlotte Region luxury residential real estate expert serving Greater Charlotte luxury home buyers and sellers since 1999.

If you're considering selling or purchasing a luxury home in the Charlotte region, I'd love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

"The Right Broker Makes All The Difference."

Read the original post at www.GreatHomesInCharlotte.com

Re-Blog

Comments(13)

Comment

Show All Comments Sort:

Wayne Martin

Wayne M Martin - Oswego, IL

Real Estate Broker - Retired

Good morning Nina. Thanks for the update. Your luxury market remains strong and could gain strength in 2025. Enjoy your day.

Jan 05, 2025 05:22 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Wayne Martin good morning, Wayne... our luxury market remains a home seller's market and homes are selling so long as they are priced right.

Jan 05, 2025 05:23 AM

George Souto

George Souto NMLS #65149 - Middletown, CT

Your Connecticut Mortgage Expert

Nina hopefully luxury home buyers will fined a little more money in their pockets in 2025 to be able to purchase these amazing homes.

Jan 05, 2025 05:40 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

George Souto good morning, George... somehow, those luxury home buyers seem to come up with the money needed to purchase a home. I'm always amazed at how much many younger people are spending on high end homes.

Jan 05, 2025 06:06 AM

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400

The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY

Long Island Condo and Home Specialists

Nina, The luxury market in your area has gained remarkable momentum, a stark contrast to the more modest prices I recall from earlier years.

Jan 05, 2025 06:13 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC
Lawrence "Larry" & She...

Plainview, NY

Nina Hollander, Broker

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila, affordability in the Charlotte region is quite the challenge these days.

Jan 05, 2025 06:40 AM

Jeffrey DiMuria 321.223.6253 Waves Realty

Waves Realty - Melbourne, FL

Florida Space Coast Homes

I am seeing fewer spec homes from new builders, so I think they will be less of an issue on the market (for the Space Coast).

Jan 05, 2025 06:43 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Jeffrey DiMuria 321.223.6253 Waves Realty hi Jeff... here in the Charlotte area we are thankful for builder inventory as we are so short of what we need to handle all the people moving to the area.

Jan 05, 2025 06:45 AM

Will Hamm

Hamm Homes - Aurora, CO

"Where There's a Will, There's a Way!"

Good Morning Nina and thank you for your market report for your area. It is always great to see what the figures are for other areas.

Jan 05, 2025 09:26 AM

Roy Kelley

Gaithersburg, MD
Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Will Hamm thanks, Will, for popping by and leaving me a comment (It's afternoon here for me... wish it was still morning.)

Jan 05, 2025 09:27 AM

Roy Kelley

Retired - Gaithersburg, MD

This is a good report to share with families considering a move to the area. I will post it on X.

Jan 05, 2025 09:47 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Thank you so much, Roy. I always forget to post on X!

Jan 05, 2025 11:25 AM

Bill Salvatore - East Valley

Arizona Elite Properties - Chandler, AZ

Realtor - 602-999-0952 / em: golfArizona@cox.net

Nina,

That is a wonderful market to work in. Have a great 2025. Thanks for sharing, make it a great Saturday and enjoy your weekend!

Bill Salvatore, Realtor- Arizona Elite Properties

Jan 05, 2025 09:51 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Bill Salvatore - East Valley hi Bill... Charlotte region remains a good real estate market and with all the people moving here it should remain good.

Jan 05, 2025 11:26 AM

Dennis Neal

Exp Realty of Southern California, Inc. - Big Bear Lake, CA

Your Home Sold in 21 Days or We Sell It For Free

Nina, your in-depth analysis of Charlotte's luxury real estate market is incredibly insightful! It's clear that your expertise and attention to detail provide invaluable guidance for both buyers and sellers in this competitive market. I’m sure your readers will appreciate the clarity and direction you offer in such a dynamic environment.

Jan 05, 2025 11:44 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Dennis Neal thanks, Dennis... at the end of the day, so much of what we do depends on attention to detail.

Jan 05, 2025 01:26 PM

Kathy Streib

Cypress, TX

Home Stager/Redesign

Hi Nina- as always a very informative post on the Luxury home market in Charlotte. I love that you include stats for foot traffic.

Jan 05, 2025 11:59 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Kathy Streib hi Kathy... foot traffic is an important metric... tells a lot about what is happening in the market. I've talked to agents who tell me they have had absolutely no showings on some of their listings.

Jan 05, 2025 01:26 PM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Nina, your luxury market is doing pretty well, with low days on market. Should look at ours now. My sale in Golden was the highest sale for December.

Jan 05, 2025 01:14 PM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Joan Cox hi Joan... our $1+ million market is doing much better than it did during the Great Recession. People who have the money for homes in this price point are more immune to interest rates than people who are in lower price points.

Jan 05, 2025 01:28 PM

Joan Cox

I agree, my latest buyers were all cash, and they could care less what the interest rate was.

Jan 05, 2025 01:33 PM

Endre Barath, Jr.

Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA

Realtor - Los Angeles Home Sales 310.486.1002

Nina Hollander, Broker loved your post and more importantly your bantering with our friend George Souto ... funny how Luxury buyers find a few more dollars to make it work, Endre

Jan 05, 2025 10:08 PM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Endre Barath, Jr. good morning, Endre... whether it's inflationary prices, interest rates, etc. those with money feel little to no impact to their bottom line.

Jan 06, 2025 03:40 AM

Brian England

Ambrose Realty Management LLC - Gilbert, AZ

MBA, GRI, REALTOR® Real Estate in East Valley AZ

Charlotte definitely has a nice luxury market and I am sure that it will always be in demand!

Jan 06, 2025 04:57 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Brian England hi Brian... we can certainly hope so!

Jan 06, 2025 06:32 AM

Patricia Feager

Flower Mound, TX

Nina Hollander, Broker - the last time I checked the MLS and did a market report in December 2024, I noticed similarity. Luxury homes a plenty; many were under contract and pending. Medium homes not so much.... What I noticed is it is going to be a lot tougher for first time home buyers unless they come from wealthy families who can help.

Jan 08, 2025 01:31 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Patricia Feager good morning, Patricia... affordability has been an issue in Charlotte for some years now. For people in the $1+ million price point it's less of an issue.

Jan 08, 2025 04:39 AM

Older Post

Newer Post

Luxury In Focus: Charlotte's Luxury Real Estate Market December 2024

Comments(13)

Nina Hollander, Broker

Service Areas

Real Estate Resources

Recent Posts

Popular Posts

Additional Information