Charlotte’s Housing Market Sees Inventory Spike

By Helen Adams Realty - June 16, 2025

Canopy Realtor® Association Market Updates

Reprinted from May 2025 CRRA Monthly Indicators

U.S. existing-home sales dipped 0.5% month-over-month and 2.0% year-over-year to a seasonally adjusted annual rate of 4 million units, according to the National Association of REALTORS® (NAR). Sales increased from April to May in the Midwest, decreased in the West and Northeast, and were unchanged in the South. Year-over-year, sales were down in every region except the Northeast.

There were 1.45 million units for sale heading into May, a 9% increase from the previous month and a 20.8% jump from the same time last year, representing a 4.4 month supply at the current sales pace, according to NAR. The median existing-home price edged up 1.8% year-over-year to $414,000 as of last measure, the 22nd consecutive month of annual price increases and a new record high for the month.

New Listings were up in the Charlotte region by 13.6% to 6,287. Pending Sales increased 16.6% to 4,516. Inventory grew 39.8% to 11,011. Prices moved higher as Median Sales Price was up 1.3% to $405,000. Months Supply of Homes for Sale was up 34.8% to 3.1, indicating that supply increased relative to demand.

A Closer Look