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What homebuyers can expect to find at $500K in the Charlotte market

CHARLOTTE, N.C. — Looking to spend about $500,000 on a home purchase in the Charlotte market? Homebuyers in this scenario may have their work cut out for them.

Inventory in this price bracket during the first eight months of 2019 is more limited — and moving quicker — than the same time period a year ago, shows data from Canopy MLS.

There were 130 fewer properties listed between $450,000 and $550,000 on the Charlotte market in August than the previous year — a drop of 11.9%. The 966 single-family homes, condominiums and townhouses for sale at this price point represented a 3.7-month supply, down from 4.5% last year.

Homes from January to August spent an average of 63.8 days on the market before going under contract — about a week faster than last year.

Across the Charlotte market, home listings at or near the $500,000 price point are varied in what they offer buyers. That includes everything from an uptown condo to a lakefront cottage in Belmont and larger homes in Mooresville, Waxhaw and Indian Trail.

This photo gallery provides a closer look at these properties.