Top Real Estate Agents in North Carolina
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2023 North Carolina Housing Market Summary
North Carolina started 2023 with a total of 17,657 single-family homes on the market, with a median home price of $399,900 and an average price per square foot of $234. By the end of the year, inventory had increased to 19,614 homes on the market (+11%), with a median home price of $399,000 (+0%) and an average price per square foot of $254 (+8%).
At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 63 days.
North Carolina started the year with 37% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 34% of North Carolina homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that North Carolina started 2023 as a seller’s market, with an MAI score of 42; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.
This market summary is powered by Altos Research – click here to run a free report for your area.
Frequently Asked Questions
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How are real estate transaction sides defined?
A transaction side represents one side of a transaction: the buyer side or the seller side. If an agent represents both the buyer and the seller, the transaction side is counted twice.
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How is real estate sales volume defined?
Real estate sales volume is defined as the total dollar value of all real estate transactions facilitated by an agent or a brokerage. This encompasses the sum of the sale prices of all properties sold, and not the profit or commission made from these sales.
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What are the classifications of team size?
Small: 2-5 licensed agents
Medium: 6-10 licensed agents
Large: 11-20 licensed agents
Mega: 21+ licensed agents
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What time period is the data used in the rankings from?
The RealTrends Agent Rankings reflect the previous calendar year. For example, the 2023 rankings show data from calendar year 2022.
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Additional questions?
View the full Rankings FAQ page here.
