Charlotte Real Estate April 2025

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
Biggest inventory gains in higher price ranges:
- $600K–$700K: +121.4%
- $500K–$600K: +94.6%
- $700K+: +60.0%
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

Luxury single family home sales strong:
- $700K+: +18%
- $600K–$700K: +15%
- $500K–$600K: +8.3%
Entry-level home sales (<$300K): Still limited due to affordability and tight supply.
Condo/Townhome inventory:
- Condos: +78.6%, Townhomes: +61.8%
- 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
Average showings per listing: 5.1
- Top areas:
  - Matthews: 6.9
  - Waxhaw & Kannapolis: 5.8
  - Concord: 5.7

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 remains 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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