FRIDAY EDITION · SATURDAY, OCTOBER 24, 2026 · 3-MINUTE READ
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This week in Charlotte
Charlotte home prices: flat, with homes taking a bit longer to sell
Charlotte’s typical home value was about $389,600 at the end of September, down 1.2% from a year ago, per Zillow. Redfin’s September numbers tell the same story: a median sale price of $419,800 (down 1.2%), 2,983 homes sold (down 1.7%) and a median of 58 days on market, up from 52 a year ago. About 1 in 5 homes still sold above asking, and Zillow counted about 4,600 homes for sale in the city.
| AMIR’S TAKE This is a balanced market, not a falling one. Prices are holding near last year’s level, and buyers have more time and more choices. Well-priced, move-in-ready homes still sell fast; the ones that sit are usually priced too high. |
Mortgage rates ease to 7.32%
Freddie Mac’s weekly average for a 30-year fixed loan dipped to 7.32% on Oct 22, down from 7.40% the week before. The 15-year averaged 6.68%. A year ago, the 30-year was 6.19%.
| AMIR’S TAKE The first weekly drop in a month. It’s small, but if you’re shopping, ask your lender about a float-down option so you can benefit if rates keep easing before you close. |
Uptown: Brooklyn Village gets a new developer
After about ten years with no apartments built, Mecklenburg County is weighing a new plan for part of Brooklyn Village in Second Ward. Charlotte-based First and Early bought one parcel from the original developer and proposes a 150-room hotel, apartments and office space, with less office and fewer apartments than the old plan. Commissioners discussed it Oct 20 and are expected to vote in November. Construction could start within three years of approval.
| AMIR’S TAKE This is one of the last big pieces of open land Uptown. Real progress here would fill a gap between Uptown and Dilworth and add more reasons to live, work and visit the south side of Uptown. |
224 new jobs in the region: US Conec picks Hickory
Fiber-optic parts maker US Conec (a venture of Corning, Fujikura and NTT-AT) will invest about $150 million in a 200,000 sq ft plant in Hickory and add 224 jobs in engineering, technology and operations, averaging about $57,000 a year, the state announced Oct 22.
| AMIR’S TAKE Fiber optics are the backbone of data centers and AI. Factory jobs like these along I-40 add to demand for starter homes and rentals in Catawba and Iredell counties. |
What it means for you
Buying? Rates eased a little this week. Get pre-approved now so you can move when the right home shows up.
Selling? Homes are taking about a week longer to sell than last year. Price right from day one and make the first two weeks count.
Investing? Flat prices and longer market times can mean more room to negotiate. Watch new jobs and big Uptown projects for where demand goes next.
Coming next Friday, Oct 30 (Growth Report #4): Charlotte’s $425 million bond vote on Nov 3. What the money would build for roads, housing and neighborhoods, and where.
Have a question about buying, selling or investing in Charlotte? Contact Amir or call (704) 641-1008.
Sources: Freddie Mac Primary Mortgage Market Survey (Oct 22, 2026); WFAE (Oct 20, 2026); NC Department of Commerce (Oct 22, 2026); Zillow Home Value Index (Sept 30, 2026); Redfin Charlotte housing market data (September 2026). Listing details from the seller and public records; buyer to verify zoning, uses, square footage and HOA rules.
Disclosures: Behdani Realty Company LLC is a licensed real estate brokerage in North Carolina and South Carolina. This report is general information only. It is not legal, tax, financial or investment advice, and it is not an offer to buy or sell any property. Facts come from the public sources listed above and can change. Projections and forecasts are estimates, not guarantees. Please talk with a qualified attorney, CPA or lender before making decisions. Equal Housing Opportunity.