North Carolina Market Snapshot for January 2024 shows a real estate market with mixed indicators. Listings have decreased by 5.4% year-over-year (YOY) to 42,363, continuing a downward trend from the previous two years. Sales also decreased by 5.3% YOY to 8,410. However, the median sales price increased significantly by 9.4% YOY to $306,705, indicating a potential seller’s market. Inventory levels are at 3.4 months, which is below the 6 months associated with a balanced market, and this figure has increased by 13.9% YOY, suggesting a growing supply relative to demand.