Latest news on Charlotte Region real estate May 2025 and what it means for you...
Overall Market Performance
- Closed sales: Down 3.4% YoY (4,018 homes), but up 9%% from April.
- Pending sales: Rose 16.6% YoY and 2.2% from April.
- Buyers remained active as mortgage stability brings more confidence.
Inventory Growth – Supply Nears 2018 Levels
- New listings: Up 13.6% YoY (6,287 homes) and up 6% from April.
- Total inventory: Surged 39.3% to just over 11,000 homes (the highest level since October 2018). Inventory increased a 19th consecutive month in May 2025.
- Months Supply of Inventory: Increased to 3.1
- months from 2.3 YoY and 2.8 MoM
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By Property Type:
- Townhome Inventory: Up 64.4% | Months Supply: 3.3
- Condo Inventory: Up 58.2% | Months Supply: 4.1
- Single Family Inventory: up 35.3% | Months Supply: 3.0
Prices Held Despite Inventory Growth
- Median sales price: Up 1.3% YoY to $405,000
- Average sales price: Up 0.6% YoY to $525,220
- Average list price: Up 8% YoY to $589,234
- List to sale price ratio: 96.6%, down from 97.8% YoY and down MoM from 96.8%
Homes Took Longer to Sell
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Days on Market (DOM): Up 26.5% to 43 days from 34 days in May 2024, but down from 47 days one month ago
Buyer Activity – Showing Trends
- Showings: down 14.5% YoY across the metro area
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Average showings per listing: 4.7, down from 5.1 one month ago
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Top areas:
- Matthews: 5.8 showings (down from 6.9 in April)
- Charlotte: 5.1 showings
- Kannapolis: 5.2 showings (down from 5.8 in April)
- Concord: 5.2 showings (down from 5.7 in April)
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Top areas:
Despite the increase in new listings and inventory, May's months supply of homes for sale at 3.1 months kept the Charlotte region in "home seller territory." Mortgage rate stability remains critical to sustaining home sales in 2025. The market continues to shift towards balance. Buyers are gaining leverage in negotiating prices and terms and sellers must price smartly and strategically. Despite growing inventory, prices are holding and the market remains favorable for well-positioned listings. Pending sales signal strong buyer interest heading into the summer months.
CHARLOTTE REGION May 2025 REAL ESTATE SNAPSHOT
Based on information from Canopy MLS for the period May 1, 2025-May 31, 2025 in the 16 County Charlotte Region.
HOME BUYER & SELLER GUIDES
Planning to buy or sell a house in 2025? Summer is prime time for buying and selling — are you ready? Do you have questions about home prices, mortgage rates, or inflation in today’s housing market? Are you wondering how they impact you when you buy or sell a home? Are you wondering if it’s a good time to buy or sell a home? Our Buyer & Seller Guides are packed with market trends, expert forecasts, and must-know insights to help you make your best move this season. To get the information that gives you an edge for your move, let’s connect so you can be ready for the Summer 2025 market!
PREVIOUS 2025 CHARLOTTE HOUSING MARKET UPDATES
Charlotte Real Estate: April 2025
Charlotte Real Estate: March 2025
Charlotte Real Estate: February 2025
Charlotte Real Estate: January 2025
Original post about the Charlotte region real estate market in May 2025 first published on www.GreatHomesInCharlotte.com
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