Local Market Update for May 2024
A RESEARCH TOOL PROVIDED BY THE CANOPY REALTOR® ASSOCIATION
FOR MORE INFORMATION, CONTACT A REALTOR®
Salisbury
North Carolina
May
2024
Year to Date
Percent Change
Percent Change
Thru 5-2023
Thru 5-2024
Key Metrics
2023
108
110
+ 1.9%
+ 20.7%
- 3.5%
467
434
477
382
+ 2.1%
- 12.0%
- 15.8%
+ 9.5%
+ 14.9%
+ 1.2%
+ 2.2%
+ 14.3%
+ 12.5%
+ 17.1%
--
New Listings
87
105
Pending Sales
86
83
385
324
Closed Sales
$266,000
$298,940
96.8%
75
$285,000
$372,727
96.8%
90
+ 7.1%
+ 24.7%
0.0%
$255,000
$277,337
94.6%
89
$279,250
$318,675
95.7%
91
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
List to Close
+ 20.0%
+ 61.3%
+ 45.9%
+ 4.2%
+ 31.4%
+ 47.1%
31
50
42
48
Days on Market Until Sale
Cumulative Days on Market Until Sale
Average List Price
37
54
48
54
$331,897
140
$345,817
184
$295,843
--
$346,525
--
Inventory of Homes for Sale
Months Supply of Inventory
1.7
2.5
--
--
--
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
May
2023
2024
$285,000
$266,000
110
108
86
2.5
83
1.7
- 3.5%
+ 7.1%
+ 47.1%
+ 1.9%
New Listings
Months Supply
Closed Sales
Median Sales Price
Median Sales Price
Entire Canopy MLS Area —
Salisbury —
Rolling 12-Month Calculation
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
1-2021
1-2022
1-2023
1-2024
Current as of June 7, 2024. All data from Canopy MLS, Inc. Report provided by the Canopy Realtor® Association. Report © 2024 ShowingTime Plus, LLC.