Charlotte's population is 2.5M, with a total workforce of 1.2M. The labor market grew by 29,500 jobs over the past year, up by 2.5%. 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 438 active new home projects on the market, 1.8% fewer than the 446 from last year. The average list price in the market is $326,048, 2.4% lower than last year and 1.9% above the national average. Over the last three months, new home contracts decreased by 3.0% to 2,524. Charlotte and Fort Mill had the highest concentration of the new home contracts in the Charlotte market.