May 2025 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 latest 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 shown a steady upward trend through May 2025, reaching 46,187 over the past 12 months. This marks a notable increase from 40,903 in May 2024 and 42,384 in May 2023, indicating a consistent rise in seller activity and housing inventory. Compared to the low point in June 2023, when listings dropped to 40,806, the market has rebounded significantly.
While inventory still trails the 2022 highs—when listings peaked at over 51,000—the ongoing climb reflects growing confidence among sellers and may provide buyers with more options heading into summer. If this pace continues, buyers may benefit from more selection, while sellers could face increased competition, making pricing strategy especially important.
Pending Sales
Pending sales in the Charlotte area rose modestly over the past year, climbing to 34,361 as of May 2025. This represents a 6% increase from the 32,423 pending sales recorded in May 2024, though still down from 35,175 in May 2023.
The uptick suggests a possible rebound in buyer activity following a slower 2024. While demand hasn’t returned to previous highs, the year-over-year gain may signal increased confidence among buyers as inventory grows and price trends stabilize.
Sales Price
Home prices in the Charlotte area continue to climb steadily, with the median sales price reaching $406,625 as of May 2025. This marks a 2.1% increase over the $398,405 median reported in May 2024 and a gain from $395,000 in May 2023. While the pace of growth has slowed compared to earlier in the decade, prices are consistently edging upward.
The sustained rise in prices suggests ongoing demand, despite economic headwinds and rising inventory levels. For buyers, it reflects the importance of acting strategically in a market that’s appreciating gradually. For sellers, consistent price growth may support stronger list prices—though competition remains a factor given increased listings.
Days on Market
Homes in the Charlotte area are taking longer to sell, with the median days on market rising to 19 in May 2025. That’s a notable jump from 11 days in May 2024 and nearly double the 9-day median seen in May 2023.
This upward trend points to a cooling in buyer urgency, likely influenced by increased inventory and more cautious decision-making. Sellers may need to adjust expectations around time on market and consider pricing or presentation strategies to stay competitive.
The May 2025 data highlights a Charlotte housing market that continues its steady price climb while offering buyers more choices and time. The median sales price rose to $406,625—up from $398,405 in May 2024 and $395,000 in May 2023—marking consistent year-over-year appreciation. Pending sales increased to 34,361, reversing last year’s dip from 35,175 to 32,423, signaling a slight rebound in buyer demand.
At the same time, homes are staying on the market longer, with the median days on market jumping to 19 from 11 in May 2024 and 9 the year before. New listings also grew, reaching 46,187 compared to 40,903 in May 2024, giving buyers more negotiating power. These trends suggest a still-competitive market, but one where buyers are taking a more measured approach and sellers must remain strategic in pricing and presentation.
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.
