Category: Market Trends

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

As of March 2025, the Charlotte area real estate market continues to demonstrate signs of stabilization following notable shifts over the past two years. New listings have risen to 44,811, up from 39,459 in March 2024 and 44,865 in March 2023. This rebound suggests a growing seller confidence and increased housing supply, though the market has yet to return to the higher volumes seen in early 2022, when listings peaked above 50,000.

The gradual increase in inventory provides prospective buyers with more choices, potentially easing competition in certain segments. However, the steady but modest pace of this recovery also reflects a market still adjusting to economic shifts, interest rates, and affordability concerns. As listings tick upward, strategic pricing and strong marketing will become increasingly important for sellers seeking to stand out in a more balanced environment.

Pending Sales

As of March 2025, pending sales in the Charlotte area is showing signs of modest recovery after a period of decline. The number of pending sales has risen to 33,920, up from 32,725 in March 2024, though still below the 36,471 recorded in March 2023. This year-over-year improvement suggests a slight boost in buyer activity, potentially driven by increased inventory and seasonal demand.

While the market has not fully returned to 2023 levels, the uptick in pending sales may indicate growing consumer confidence and improving conditions for sellers. However, continued affordability challenges and shifting interest rates may keep transaction volumes below peak levels. Both buyers and sellers should remain aware of changing dynamics and be prepared to adapt quickly as the market continues its path toward stabilization.

Sales Price

As of March 2025, the Charlotte area housing market continues to demonstrate steady appreciation in home values. The median sales price has held at $405,000 for three consecutive months—up from $395,000 in March 2024 and $396,000 in March 2023. This consistent year-over-year increase reflects ongoing demand and market resilience, despite broader economic uncertainties and shifting interest rate environments.

Home prices have remained stable since mid-2024, with gradual gains pushing values to new highs by year-end. This upward trend in prices may offer reassurance to sellers and long-term investors, while posing affordability challenges for first-time buyers. Overall, the Charlotte area market continues to show strength in property values, suggesting that pricing strategy remains a key consideration for those entering or navigating the market in 2025.

Days on Market

As of March 2025, the median days on market for homes in the Charlotte area has climbed to 17 days—up from 10 days in March 2024 and just 7 days in March 2023. This marks a continued trend of homes taking longer to sell compared to the fast-paced conditions seen in recent years.

The increase in time on market may reflect a combination of factors, including higher inventory levels, more selective buyers, and shifting affordability in light of elevated home prices and interest rates. While the market is still moving at a reasonable pace, the extended selling timeline may give buyers more breathing room and negotiating power, while prompting sellers to price competitively and invest in marketing to stand out.

The March 2025 data highlights a steady rise in home values across the Charlotte area, with the median sales price holding at $405,000—up from $395,000 in March 2024 and $396,000 in March 2023. Pending sales rose slightly to 33,920 from 32,725 the year prior but remain below 2023 levels, reflecting cautious but ongoing buyer activity.

At the same time, homes are taking longer to sell, with the median days on market increasing to 17—up from 10 in March 2024 and 7 in 2023. New listings have grown to 44,811, offering more options for buyers but increasing competition for sellers. These shifts suggest a market that’s gradually rebalancing, where pricing strategy and patience are becoming increasingly important.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

The number of new listings in the Charlotte area has fluctuated over the past three years. In February 2023, there were 45,213 new listings, which dropped to 39,439 in February 2024, indicating a slowdown in seller activity. However, by February 2025, new listings rebounded to 44,110, suggesting an increase in inventory compared to the previous year.

For buyers, this recent uptick in listings could mean more options in the market, potentially easing competition. For sellers, while the market appears to be recovering, the fluctuations highlight the importance of strategic pricing and timing to attract buyers. Understanding these trends can help both buyers and sellers make informed decisions in the evolving Charlotte area housing market.

Pending Sales

Pending sales in the Charlotte area have experienced a notable decline over the past three years, dropping from 47,920 in January 2022 to a low of 32,258 in December 2023. However, the market has shown signs of stabilization and slight recovery, with pending sales reaching 33,469 by February 2025. This recent upward trend suggests that buyer activity may be gradually picking up after a period of declining demand.

For buyers, this could indicate improving market conditions with potentially more negotiating power as sales remain below previous highs. Sellers may need to remain competitive with pricing and incentives to attract buyers, especially as inventory begins to rise. Understanding these shifts can help both buyers and sellers navigate the evolving Charlotte area real estate market effectively.

Sales Price

The median sales price in the Charlotte area has steadily increased over the past three years, rising from $340,000 in January 2022 to $405,000 in February 2025. While there were slight fluctuations in 2023, with prices stabilizing around $395,000, the market saw renewed growth in 2024, crossing the $400,000 mark by mid-year and continuing to climb.

For buyers, this trend suggests that home values are appreciating, making early purchases more advantageous before further price increases. Sellers can benefit from rising home prices but should remain mindful of affordability constraints for buyers. As prices continue to grow, understanding market conditions will be crucial for both buyers and sellers in making informed real estate decisions.

Days on Market

The median days on market in the Charlotte area has steadily increased over the past three years, rising from just 6 days in February 2023 to 17 days in February 2025. This indicates that homes are taking longer to sell, suggesting a shift toward a more balanced or buyer-friendly market.

For buyers, this trend means they may have more time to explore options and negotiate favorable terms. Sellers, on the other hand, should be prepared for longer listing times and may need to price competitively or offer incentives to attract buyers. Understanding this shift can help both buyers and sellers navigate the evolving market dynamics effectively.

The data for February 2025 highlights key trends in the Charlotte real estate market. Median home sale prices have continued to rise, reaching $405,000, up from $393,105 in February 2024 and $395,031 in February 2023, reflecting steady appreciation in property values. Pending sales have remained relatively stable at 33,469 in February 2025, slightly above 32,950 in February 2024 but still well below the 36,825 recorded in February 2023.

Homes are staying on the market longer, with the median days on market increasing to 17 days in February 2025, compared to 11 days in February 2024 and just 6 days in February 2023. Meanwhile, new listings have rebounded, reaching 44,110 in February 2025, up from 39,439 in February 2024. This increase in inventory provides buyers with more options, while sellers may need to adjust expectations as homes take longer to sell. These trends indicate a transitioning market where strategic pricing, market timing, and negotiation are becoming increasingly important for both buyers and sellers.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

New listings in the Charlotte area have steadily increased, reaching 43,936 in January 2025, up from 38,838 in January 2024. This growth reflects rising seller confidence and a more active market after a slowdown in 2023, when listings hit a low of 38,429 in October.

With inventory expanding, buyers now have more options, while sellers may need to price competitively to attract offers. This shift signals a more balanced market, creating opportunities for both buyers and sellers to navigate changing conditions strategically.

Pending Sales

Pending sales in the Charlotte area have shown a modest increase over the past year, rising to 33,554 in January 2025 from 33,088 in January 2024. However, overall activity remains lower than in January 2023, when pending sales stood at 37,258.

This slight rebound suggests some stabilization in buyer demand after a period of decline, though market conditions still favor buyers with increased inventory and longer time on market. Sellers should be mindful of pricing strategies to remain competitive in this shifting landscape.

Sales Price

The median sales price in the Charlotte area has continued its upward trend, reaching $405,000 in January 2025, up from $390,000 in January 2024. This marks steady appreciation, following a gradual rise throughout 2024, with prices holding at or above $400,000 since mid-year.

While the market remains strong, this sustained price growth could present affordability challenges for some buyers. Sellers can benefit from stable demand, but strategic pricing and competitive positioning will be key in navigating a shifting market dynamic.

Days on Market

The median days on market in the Charlotte area has steadily increased, reaching 16 days in January 2025, up from 11 days in January 2024 and just 6 days in January 2023. This trend suggests that homes are taking longer to sell, signaling a shift toward a more balanced market.

For sellers, this means pricing competitively and ensuring strong property presentation is more important than ever. Buyers, on the other hand, may find they have more time and negotiating power compared to previous years.

The data for January 2025 highlights key trends in the Charlotte real estate market. Median home sale prices have continued to rise, reaching $405,000, up from $390,000 in January 2024 and $395,000 in January 2023, reflecting steady appreciation in property values. Pending sales have shown a modest recovery to 33,554, slightly above 33,088 in January 2024 but still below the 37,258 recorded in January 2023.

Homes are staying on the market longer, with the median days on market increasing to 16 days in January 2025, compared to 11 days in January 2024 and just 6 days in January 2023. Meanwhile, new listings have rebounded, reaching 43,936 in January 2025, up from 38,838 in January 2024. This increase in inventory provides buyers with more options while sellers must adjust expectations as market conditions shift. These trends indicate a transitioning market where strategic pricing and negotiation play a crucial role for both buyers and sellers.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

The data for December 2024 highlights an increase in new listings within the Charlotte market, rising to 43,506 from 38,534 in December 2023. This growth reflects an expanding inventory, giving buyers more options and potentially greater leverage in negotiations. After a period of declining listings through mid-2023, the market has shown signs of recovery, with renewed seller activity driving the upward trend. For sellers, the increased competition emphasizes the importance of strategic pricing and appealing property presentation.

Pending Sales

The data for December 2024 shows a modest rebound in pending sales in the Charlotte market, increasing to 33,733 from 33,262 in December 2023. However, this remains significantly below the 37,786 pending sales recorded in December 2022, reflecting a market still recovering from reduced buyer activity over the past two years.

This slight improvement in pending sales suggests a stabilizing market, potentially driven by increasing inventory and relatively steady median sales prices. For both buyers and sellers, this signals an opportunity to navigate a more balanced market, with sellers focusing on competitive pricing and buyers benefiting from growing negotiation power.

Sales Price

The Charlotte area’s median sales price continues its upward trajectory, closing December 2024 at $404,500. This marks a recovery from slight stagnation earlier in 2023 when prices hovered around $393,000. The sustained growth reflects a steady demand in the market, even amidst other moderating trends.

For sellers, the continued rise in prices offers opportunities to capitalize on long-term appreciation. Buyers, however, may need to adjust expectations or timing strategies in response to climbing costs. This market dynamic underlines the importance of informed decision-making on both sides of the transaction.

Days on Market

The median days on market in the Charlotte area has steadily increased over the past two years, rising from just 5 days in December 2022 to 16 days in December 2024. This trend signals a slowing pace in buyer activity, giving buyers more time to evaluate properties and make decisions.

For sellers, the extended time to sell may require strategic adjustments, such as competitive pricing and enhanced marketing efforts, to attract buyers in a more deliberate market. Buyers, on the other hand, can benefit from reduced urgency, allowing for greater flexibility in negotiations and property selection.

The data for December 2024 highlights key trends in the Charlotte real estate market. Median home sale prices have continued their upward trajectory, reaching $404,500, up from $390,000 in December 2023, reflecting steady growth in property values. Pending sales, however, remain relatively stable at 33,733, showing a slight improvement from 33,262 in December 2023 but a decline from 37,786 in December 2022.

Homes are taking longer to sell, with the median days on market increasing to 16 days in December 2024, up from 11 days in December 2023 and just 5 days in December 2022. Meanwhile, new listings have seen gradual recovery, climbing to 43,506 in December 2024 from 38,534 in December 2023, offering buyers more inventory to choose from. These trends reflect a market in transition, where sellers face longer sales timelines, and buyers have increased opportunities to find properties amidst rising prices. Both parties must adapt to shifting dynamics to make the most of evolving market conditions.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

The data for November 2024 highlights a rebound in new listings in the Charlotte real estate market, rising to 43,372 from 38,502 in November 2023. While still below the 47,350 recorded in November 2022, this increase reflects growing seller confidence and improving market conditions, offering buyers a broader range of options.

For sellers, the upward trend in inventory emphasizes the need for competitive pricing and strong home presentation to stand out. Buyers, on the other hand, can take advantage of a less competitive environment to explore better opportunities and negotiate favorable terms.

Pending Sales

The data for November 2024 indicates some recovery in pending sales within the Charlotte area, increasing to 33,672 from 33,230 in November 2023. This uptick follows a period of consistent decline since early 2021, where pending sales peaked at over 48,000, demonstrating a shift toward stabilization.

While the increase is modest, it reflects growing buyer activity in a challenging market. Sellers should remain strategic, leveraging this momentum to secure favorable deals, while buyers can capitalize on the improving inventory levels to find suitable opportunities before competition intensifies.

Sales Price

The median sales price in the Charlotte area reached $400,639 in November 2024, continuing a trend of steady growth from 2021, where prices started at $290,000. This reflects an approximate 38% increase over the last 3 years, driven by consistent demand and limited supply.

Despite fluctuations in early 2023, prices stabilized and saw renewed gains in late 2024. This presents a strong market for sellers, while buyers may face challenges due to rising costs. Strategic planning is essential for both sides to navigate this competitive housing landscape effectively.

Days on Market

The median days on market for homes in the Charlotte area increased from 5 days in November 2022 to 15 days in November 2024. This threefold rise suggests a cooling in market activity as properties are taking longer to sell compared to the rapid pace seen two years ago.

While the increase indicates a shift towards a more balanced market, it may also reflect higher prices and cautious buyer behavior. Sellers should adjust expectations and prepare for potentially extended listing periods, while buyers might find more opportunities for negotiation.

The data for November 2024 highlights notable shifts in the Charlotte real estate market. Median home sale prices have reached $400,639, reflecting steady growth in property values. Pending sales have shown improvement, climbing to 33,672 compared to 33,230 in November 2023, indicating signs of stabilization in buyer activity. However, homes are taking longer to sell, with the median days on market increasing to 15, compared to 11 days in November 2023 and just 5 days in November 2022. These trends suggest a transitioning market where both buyers and sellers must adapt to changing conditions and evolving opportunities.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

As of October 2024, the Charlotte real estate market showcases some interesting trends for potential buyers and sellers. The number of new listings continues to show signs of recovery after a period of decline, with October 2024 reaching 43,088 new listings, up from 38,429 in October 2023. This increase indicates a gradual resurgence in market activity, which could present opportunities for both sellers looking to capitalize on a busier market and buyers seeking a greater variety of properties.

For sellers, the uptick in new listings may require strategic pricing and marketing to stand out in a more competitive landscape. Meanwhile, buyers might benefit from the expanded selection, which could provide leverage for negotiations. As the market shifts, staying informed and proactive will be essential for making well-timed and strategic real estate decisions. For those looking to navigate these changes, our team of experts is ready to offer tailored guidance to help you achieve your real estate goals.

Pending Sales

October 2024 saw pending sales in the Charlotte real estate market begin to stabilize after significant declines over recent years. The number of pending sales rose to 33,401, a slight improvement from 33,253 in October 2023, signaling a potential plateau after a prolonged period of contraction. This subtle growth suggests a more balanced market may be on the horizon, which could affect both buyers and sellers as they navigate their strategies in an evolving landscape.

For sellers, this slight uptick in pending sales could indicate growing interest from buyers, signaling the importance of well-executed marketing and attractive pricing to convert interest into action. Conversely, for buyers, the modest increase in market activity may mean that competition, while not as fierce as in past years, is beginning to pick up, emphasizing the importance of timely decision-making and being well-prepared for negotiations.

Sales Price

The Charlotte real estate market continues to show price growth, with the median sales price reaching $400,000 in October 2024, up from $393,000 in October 2023 and $385,750 in October 2022. This steady increase reflects strong demand, making it a potentially favorable time for sellers to list and capitalize on high property values, while emphasizing the importance of strategic pricing to attract buyers.

For buyers, the upward trend in prices presents challenges, underscoring the need for thorough preparation and informed decision-making. Whether you’re buying or selling, staying proactive and seeking expert guidance will be essential to navigating the evolving Charlotte market and achieving your real estate goals.

Days on Market

The Charlotte real estate market is seeing a continued shift in the speed of home sales. As of October 2024, the median days on market increased to 14, up from 12 in October 2023 and significantly higher than the rapid 5 days seen in October 2022. This trend indicates a cooling period, where properties are taking longer to sell compared to the fast-paced market of recent years.

For sellers, this change suggests the importance of patience and strategic marketing to attract buyers in a market where homes are lingering longer. Buyers, on the other hand, may find they have more time to make informed decisions and negotiate favorable terms. Adapting to these evolving conditions is key, and our team is here to provide expert guidance to help you navigate this shifting landscape effectively.

The data for October 2024 provides a comprehensive view of the evolving Charlotte real estate market. Median home sale prices have appreciated to $400,000, signaling continued growth in value. New listings have risen to 43,088, reflecting an upswing in market activity compared to 38,429 in October 2023. While pending sales remain below previous peaks, October 2024 shows improvement with 33,401 compared to 33,253 in October 2023, hinting at potential stabilization. However, properties are taking longer to sell, with median days on market at 14, up from 12 days in October 2023 and significantly more than 5 days in October 2022. These trends emphasize the need for both buyers and sellers to stay informed and adaptable in this dynamic real estate landscape.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

The latest data for the Charlotte area reveals intriguing insights into the dynamics of new home listings over the past few years. In September 2022, the number of new listings for single-family homes, condominiums, and townhouses was 49,380. This figure dropped significantly to 38,534 by September 2023, indicating a substantial decline in inventory.

However, the market appears to be showing signs of recovery. By September 2024, the number of new listings increased to 42,869. While this figure is still below the levels seen in 2022, the uptick from 2023 suggests that the market may be stabilizing and heading towards a more balanced state.

Pending Sales

The pending sales data for single-family homes, condominiums, and townhouses in the Charlotte area provides valuable insights into the market’s trajectory over recent years. In September 2022, pending sales were at 42,078, already indicating a slowing trend from 2021. By September 2023, this figure had declined to 33,309.

This significant decrease highlights the challenges the market faced, including potential issues with affordability and inventory shortages. Despite these challenges, there are signs of stabilization. While September 2024 pending sales were still decreased at 33,029, this number is higher than we have seen since the beginning of 2024, suggesting that the market may be finding its footing and beginning to stabilize.

Sales Price

The median sales price for single-family homes, condominiums, and townhouses in the Charlotte area has shown a consistent upward trend over the past three years. In September 2022, the median sales price was $381,780. By September 2023, this figure had increased to $393,000, reflecting a notable rise in property values. The upward trajectory continued into September 2024, with the median sales price reaching $400,000.

This steady increase in median sales prices indicates a strong demand for housing in the Charlotte area, likely driven by factors such as economic growth, population influx, and limited housing supply. The trend suggests a favorable environment for sellers, as property values continue to appreciate. Buyers, on the other hand, may face higher costs and should consider acting sooner rather than later to avoid further price increases.

Days on Market

The median days on market for single-family homes, condominiums, and townhouses in the Charlotte area showed notable changes from 2022 to 2024. In September 2022, the median was 5 days, and remained at this low level throughout most of 2022, reflecting a highly competitive market.

However, from late 2022 into 2023, the median days on market began to rise, reaching 12 days by September 2023 and then 13 days by September 2024 after a slight dip in March and April, indicating a shift from the competitive conditions of the previous years to a slower market where properties take longer to sell.

The data for September 2024 paints a nuanced picture of the Charlotte area’s real estate landscape. Median home sale prices continue to appreciate, reaching $400,000, and new listings are on the rise. While pending sales are down compared to previous years, the September 2024 data shows signs of stabilization. Additionally, properties are taking longer to sell with the median days on market consistently at 13, up from 5 days in September 2022. These trends underscore the importance of staying attuned to market fluctuations and adapting strategies accordingly in the evolving Charlotte real estate market.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

The latest data for the Charlotte area reveals intriguing insights into the dynamics of new home listings over the past few years. In August 2022, the number of new listings for single-family homes, condominiums, and townhouses was 50,172. This figure dropped significantly to 38,798 by August 2023, indicating a substantial decline in inventory.

However, the market appears to be showing signs of recovery. By August 2024, the number of new listings increased to 42,568. While this figure is still below the levels seen in 2022, the uptick from 2023 suggests that the market may be stabilizing and heading towards a more balanced state.

Pending Sales

The pending sales data for single-family homes, condominiums, and townhouses in the Charlotte area provides valuable insights into the market’s trajectory over recent years. In August 2022, pending sales reached 43,340, reflecting a robust period for the housing market. However, by August 2023, this figure had declined to 33,634, indicating a slowing trend.

This significant decrease highlights the challenges the market faced, including potential issues with affordability and inventory shortages. Despite these challenges, there are signs of stabilization. While August 2024 pending sales were still decreased at 32,860, this number is higher than we have seen for the previous six months, suggesting that the market may be finding its footing and beginning to stabilize.

Sales Price

The median sales price for single-family homes, condominiums, and townhouses in the Charlotte area has shown a consistent upward trend over the past three years. In August 2022, the median sales price was $377,500. By August 2023, this figure had increased to $393,000, reflecting a notable rise in property values. The upward trajectory continued into August 2024, with the median sales price reaching $400,000.

This steady increase in median sales prices indicates a strong demand for housing in the Charlotte area, likely driven by factors such as economic growth, population influx, and limited housing supply. The trend suggests a favorable environment for sellers, as property values continue to appreciate. Buyers, on the other hand, may face higher costs and should consider acting sooner rather than later to avoid further price increases.

Days on Market

The median days on market for single-family homes, condominiums, and townhouses in the Charlotte area showed notable changes from 2022 to 2024. In August 2022, the median was 4 days, and remained at this low level throughout most of 2022, reflecting a highly competitive market.

However, from late 2022 into 2023, the median days on market began to rise, reaching 12 days by August 2023 and returning to 12 days in August 2024 after a slight dip in April, indicating a shift from the competitive conditions of the previous years to a slower market where properties take longer to sell.

The data for August 2024 paints a nuanced picture of the Charlotte area’s real estate landscape. While median home sale prices continue to appreciate, reaching $400,000, and new listings are on the rise, there’s a decrease in pending sales compared to previous years, dropping to 32,860, down from 33,634 in August 2023. Additionally, properties are taking longer to sell, with median days on market consistently at 12, up from 4 days in August 2022. These trends underscore the importance of staying attuned to market fluctuations and adapting strategies accordingly in the evolving Charlotte real estate market.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.

Welcome to our latest real estate market trends update, where we examine the current housing market landscape. As we provide the trends of the present month, we will also share a comparison with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes, in the vibrant Charlotte metropolitan area. Whatever you are in the market for, our analysis provides a valuable snapshot of market trends year over year.

In the ever-evolving world of real estate, understanding the nuances of market shifts is a paramount priority for both buyers and sellers alike. Join us as we analyze the data and gain insight into the current state of the market, providing valuable context for those navigating property transactions. Whether you’re seeking to buy, sell, or simply stay informed, we hope that this overview provides value.

New Listings

The latest data for the Charlotte area reveals intriguing insights into the dynamics of new home listings over the past few years. In July 2022, the number of new listings for single-family homes, condominiums, and townhouses was 50,947. This figure dropped significantly to 39,280 by July 2023, indicating a substantial decline in inventory.

However, the market appears to be showing signs of recovery. By July 2024, the number of new listings increased to 42,133. While this figure is still below the levels seen in 2022, the uptick from 2023 suggests that the market may be stabilizing and heading towards a more balanced state.

Pending Sales

The pending sales data for single-family homes, condominiums, and townhouses in the Charlotte area provides valuable insights into the market’s trajectory over recent years. In July 2022, pending sales reached 44,459, reflecting a robust period for the housing market. However, by July 2023, this figure had declined to 34,262, indicating a slowing trend.

This significant decrease highlights the challenges the market faced, including potential issues with affordability and inventory shortages. Despite these challenges, there are signs of stabilization. While July 2024 pending sales were still decreased at 32,849, this number is higher than we have seen for the previous three months, suggesting that the market may be finding its footing and beginning to stabilize.

Sales Price

The median sales price for single-family homes, condominiums, and townhouses in the Charlotte area has shown a consistent upward trend over the past three years. In July 2022, the median sales price was $374,000. By July 2023, this figure had increased to $393,800, reflecting a notable rise in property values. The upward trajectory continued into July 2024, with the median sales price reaching $400,000.

This steady increase in median sales prices indicates a strong demand for housing in the Charlotte area, likely driven by factors such as economic growth, population influx, and limited housing supply. The trend suggests a favorable environment for sellers, as property values continue to appreciate. Buyers, on the other hand, may face higher costs and should consider acting sooner rather than later to avoid further price increases.

Days on Market

The median days on market for single-family homes, condominiums, and townhouses in the Charlotte area showed notable changes from 2022 to 2024. In July 2022, the median was 4 days, and remained at this low level throughout most of 2022, reflecting a highly competitive market.

However, from late 2022 into 2023, the median days on market began to rise, reaching 11 days by July 2023 and peaking at 12 days in July 2024, indicating a shift from the competitive conditions of the previous years to a slower market where properties take longer to sell.

The data for July 2024 paints a nuanced picture of the Charlotte area’s real estate landscape. While median home sale prices continue to appreciate, reaching $400,000, and new listings are on the rise, there’s a decrease in pending sales compared to previous years, dropping to 32,849, down from 24,262 in July 2023. Additionally, properties are taking longer to sell, with median days on market rising to 12, up from 11 in July 2023. These trends underscore the importance of staying attuned to market fluctuations and adapting strategies accordingly in the evolving Charlotte real estate market.

As we navigate these trends, we’re here to support you every step of the way. Whether you’re a prospective buyer eager to find your dream home, a homeowner considering selling, or simply seeking more information about the market, we invite you to reach out with any questions or assistance you may need. Our team of experts is dedicated to providing personalized guidance and expertise tailored to provide you with results. Let us know what you’re looking for.