Charlotte Real Estate Pulse: Your Monthly Guide to Queen City's Market (April 2025)

This month we wanted to update you on some positive trends in the Charlotte Real Market for both buyers and sellers.   Encouraging to buyers, the number of new listings is up almost 26% since March 2024 for listings over $500K.  The number of homes sold is up 19% since home sales hit a low January of last year.  The average time a home spends on the market has increased significantly, reaching 1.8 months. This is a notable rise from the low of 0.9 months recorded in late 2022.

Furthermore, the number of homes sold has rebounded strongly, showing a 19% increase since the market hit a low point in January of the previous year. This suggests a significant recovery in the real estate market, with more homes being sold compared to the same period last year.

In 2025, the industry is seeing several factors that are driving the increase in new home listings and the number of homes sold:

1. Stabilizing Mortgage Rates: As mortgage rates have stabilized, more homeowners feel confident about selling if they are also buying a house.

2. Improved Affordability: Better affordability encourages more homeowners to list their properties as more can afford to buy the next home that they want.  

3. Economic Conditions: Job growth in Charlotte has encouraged more activity in the housing market as compared to other markets nationally.

4. People are Ready to Make a Move: There have been a lot of home buyers and sellers sitting on the sidelines over the past 2 years waiting for mortgage rates to come down.  Many of these people are tired of waiting as they may need to move - whether it is to a bigger home or the need to downsize.  We know that home sales increase when rates are moving down and decrease when going up.  Historically, people have been more influenced by the actual direction of rate movement than what the actual rate is.  We saw this in 2022-2023 when rates moved up rapidly and home sales fell 40% between Jan 2022-Dec 2024 in Charlotte

   
   

Whether you are looking to buy or sell a home, it’s a great time to start the conversation with a trusted expert to understand your options in the Charlotte real estate market.

New Listings in Charlotte (April '25):

Home Sales in Charlotte (April '25):