Charlotte, NC Housing Market Report

The Charlotte-Concord-Gastonia housing market is currently undergoing a significant transition toward a more balanced environment, trending slightly in favor of buyers as we close out 2025. With active inventory surging by 15.35% year-over-year to 10,346 listings, prospective homeowners have substantially more options than they did a year ago. This increase in supply is directly impacting the pace of sales, as the average time a property spends on the market has climbed to 74 days—nearly two weeks longer than the previous year. While the sale-to-list ratio remains strong at 0.99, indicating that homes are still selling very close to their asking prices, the urgency that defined the market in previous years has noticeably cooled.

Price trends over the last six months reveal a period of remarkable stability following a slight year-over-year decline of 1.38%. Since July 2025, the median home value has hovered consistently around the $390,000 mark, showing only minor monthly fluctuations. This plateau suggests that the market has found a temporary floor, balancing higher inventory levels against steady demand. The rental market mirrors this stability, with a modest 0.77% annual increase bringing median rents to $1,699. This suggests that while the purchase market is softening, the underlying demand for housing in the Charlotte metro area remains resilient, supported by the region's continued economic growth.

Looking ahead, both buyers and sellers must adjust their expectations for a slower-paced market. For sellers, the increase in days on market means that pricing strategy and property condition are more critical than ever; homes are no longer guaranteed to sell in the first weekend. For buyers, the current climate offers a rare window of opportunity to negotiate. With more inventory and less competition, buyers have more leverage to request repairs or closing cost credits. As we move into 2026, the Charlotte market appears to be entering a phase of healthy normalization, offering a more sustainable pace for long-term appreciation rather than the volatile spikes seen in the early 2020s.