Charlotte's population is 2.5M, with a total workforce of 1.2M. The labor market grew by 27,800 jobs over the past year, up by 2.3%. The median household income in Charlotte is $62,944, 2.9% higher than last year and 2.6% 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 445 active new home projects on the market, 1.8% fewer than the 453 from last year. The average list price in the market is $337,818, 2.5% higher than last year and 9.1% above the national average. Over the last three months, new home contracts decreased by 13.2% to 2,225. Charlotte and Fort Mill had the highest concentration of the new home contracts in the Charlotte market.