Charlotte Housing Market Holds Firm With Higher Sales and Growing Inventory

The national housing market showed moderate improvement this fall, with existing-home sales ticking up and prices holding steady as mortgage rates eased into the mid-6% range. Inventory remains limited, keeping competition elevated across many U.S. markets. In the Southeast, buyer activity stayed strong, with modest price growth and quicker market times as more shoppers returned ahead of winter.

In the Charlotte MSA, momentum continued to build. New listings are up 7.6% from this time last year, pending sales increased 6.8%, and closed sales have risen 0.7%. The average sales price reached $511,464, an increase of 4.7% from last year. Homes are taking a bit longer to go under contract, about 50 days compared to 42 previously, signaling a slightly cooler but still healthy pace.

Overall, the market remains active as rates ease. Buyers should be prepared for firm competition, while sellers continue to benefit from rising activity and stable prices heading into year’s end.

Market Snapshot
Data represents change since this time last year. Based on information from Canopy MLS for October 2024 through October 2025.