Charlotte's population is 2.5M, with a total workforce of 1.2M. The labor market grew by 31,300 jobs over the past year, up by 2.6%. The median household income in Charlotte is $61,824, 3.1% higher than last year and 0.7% above the national average of $61,372. In the housing market, total permits issued totaled 25,073 over the last twelve months, up 27.9% year-over-year.
Charlotte has 450 active new home projects on the market, 1.1% fewer than the 455 from last year. The average list price in the market is $336,819, 3.0% higher than last year and 5.2% above the national average. Over the last three months, new home contracts decreased by 9.9% to 2,471. Charlotte and Fort Mill had the highest concentration of the new home contracts in the Charlotte market.