Latest news on Charlotte real estate April 2025 and what it means for you...
Overall Market Performance
- Closed sales: Down 2.3% YoY (3,686 homes), but up 4.2% from March.
- Pending sales: Rose 9.4% YoY, signaling healthy demand heading into summer.
- Buyers remained active despite affordability concerns and economic headwinds.
Inventory Growth – Led by Mid-to-Luxury Segments
- New listings: Up 12.6% YoY (5,933 homes).
- Total inventory: Surged 42.2% to nearly 10,000 homes. Inventory increased an 18th consecutive month in April 2025.
- Months Supply of Inventory: Increased to 2.8 months from 2.0 YoY and 2.6 MoM
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Biggest inventory gains in higher price ranges:
- $600K–$700K: +121.4%
- $500K–$600K: +94.6%
- $700K+: +60.0%
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Outlying counties showed more supply:
- Cleveland: 4.4 months
- Stanly: 3.6 months
- Iredell: 3.3 months
Prices Held Despite Supply Surge
- Median sales price: Up 2.3% YoY to $399,250.
- Average sales price: Up 4.5% to $522,142.
- Average list price: Up 8.3% to $590,966.
- List to sale price ratio: 96.8%, down 0.9% YoY, but up MoM from 96.1%
Homes Took Longer to Sell
- Days on Market (DOM): Up 27% to 47 days from 37 days in April 2024, but down from 55 days one month ago
Sales & Inventory Trends by Price Range
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Luxury single family home sales strong:
- $700K+: +18%
- $600K–$700K: +15%
- $500K–$600K: +8.3%
- Entry-level home sales (
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Condo/Townhome inventory:
- Condos: +78.6%, Townhomes: +61.8%
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Largest growth in $300K–$500K ranges:
- Condos $300K–$400K: +94.3%, Townhomes: +43.5%
- Condos $400K–$500K: +133.3%, Townhomes: +69.7%
- Luxury condo sales $700K+: Rose 40.7%, while mid-range segments saw declines.
Buyer Activity – Showing Trends
- Showings: up 2.3% YoY across the metro area
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Average showings per listing: 5.1
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Top areas:
- Matthews: 6.9
- Waxhaw & Kannapolis: 5.8
- Concord: 5.7
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Top areas:
Despite the increase in new listings and inventory, April's months supply of homes for sale at 2.8 months kept the Charlotte region in "home seller territory." Mortgage rate stability will remain critical to sustaining home sales in 2025. Market conditions continue to fluctuate amid persistent economic uncertainty. The market is gradually rebalancing, with more listings coming online and steady buyer interest across key segments.
CHARLOTTE REGION APRIL 2025 REAL ESTATE SNAPSHOT
Based on information from Canopy MLS for the period April 1, 2025-April 30, 2025 in the 16 County Charlotte Region.
HOME BUYER & SELLER GUIDES
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PREVIOUS 2025 CHARLOTTE HOUSING MARKET UPDATES
Charlotte Real Estate: March 2025
Charlotte Real Estate: February 2025
Charlotte Real Estate: January 2025
Originally published on www.GreatHomesInCharlotte.com
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