Charlotte Real Estate January 2025

Published On: February 23, 2025|Categories: Buying a Home, Charlotte, Housing Market Reports/Updates, NC Region, Owning A Home, Real Estate, Real Estate Market, Selling a Home|Tags: charlotte, charlotte homes for sale, charlotte real estate, charlotte real estate january 2025, charlotte real estate report, charlotte region housing market update, charlotte region real estate, free home equity analysis, great homes in charlotte, housing market forecasts for 2025, winter is a good time to sell your home|

Latest news on Charlotte real estate January 2025 and what it means for you…

January 2025 closed home sales improved 7.1% year-over-year in the 16-County Charlotte region. This was the fourth consecutive month of improved closed sales. Closed sales declined by 22% month-over-month, a typical seasonal trend for December.

Pending sales remained unchanged year-over-year. Month-over-month, pending sales rose 26.2%, indicating sustained buyer interest and demand for homes in the Charlotte region.

Days on market increased 35.7% to 57 days in January compared with the same month one year ago when they stood at 42 days.

The Charlotte region’s home prices remained on the rise in January 2025 with buyer demand steady. Average sale price increased 9.1% in January 2025 to $491,285 compared with the same month one year ago, while the median sale price increased 2.7% year-over-year to $385,000. This was the 18th consecutive month of year-over-year sale price increases.

The January list to sale price ratio declined 1% year-over-year to 95.4%. Month-over-month, the list to sale price ratio increased slightly. Home buyers are seeing opportunities to negotiate on price.

January 2025 new listings increased 11.3% year-over-year. January new listings were higher by 411 properties compared with January 2024. January 2025 marks the 15th consecutive month of increases in new listings. Month-over-month, new listings jumped 52.7%. Despite the increase in new listings, the average list price increased 4.7% in January compared with the same month one year ago. Although listing activity has increased, it hasn’t been enough to significantly impact supply and home prices.

Overall inventory increased 32.7% from the same month last year. Despite the increase in new listings and inventory, January’s months supply of homes for sale at 2.3 months, kept Charlotte region in “home seller territory.” Although the Charlotte Region had 33% more homes for sale in January 2025 compared with one year ago, the Charlotte housing market is nowhere near balanced as yet and buyer demand continues to outpace supply.

Buyer foot traffic dipped 2.4% year-over-year with listings averaging 5.2 showings per property.

CHARLOTTE REGION JANUARY 2025 REAL ESTATE SNAPSHOT

Based on information from Canopy MLS for the period January 1, 2025-January 31, 2025 in the 16 County Charlotte Region.

HOUSING MARKET FORECAST FOR 2025

Planning to buy or sell a house in 2025? Here are the latest expert forecasts on what to expect. According to the projections, mortgage rates will come down slightly. Home prices will rise in most areas. And more homes will be available for sale. Need help thinking through what this means for your move, let’s connect so you can start growing your wealth now.

Want to know what this would mean for your family if you decide to buy or sell a Charlotte region home?

I can help.

Call me today at 704-779-0813 or contact me here.

There’s absolutely NO OBLIGATION. A consultation with Nina Hollander is FREE.

LOOKING FOR YOUR DREAM HOME IN GREATER CHARLOTTE?

FREE Home Buyer Guide: “Things To Consider When Buying A Home”

WONDERING WHAT YOUR CHARLOTTE AREA HOME IS WORTH IN TODAY’S MARKET?