Charlotte Real Estate Report November 2025

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

As 2025 comes to a close, the Charlotte housing market continued moving toward a healthier and more sustainable balance. Inventory levels increased, pricing remained firm, and buyer demand stayed consistent, even as affordability challenges affected certain segments of the market.

November showed a return to typical seasonal patterns. Sales activity slowed compared with October and with the elevated pace seen last year. Buyer demand remained steady, supported by mortgage rates that stayed in the low 6% range. Overall, the market settled into a more predictable late-fall rhythm.

Within the single-family home segment, the strongest year-over-year sales growth occurred in price points above $500,000, particularly in the $600,000 to $700,000 range, which posted an increase of nearly 20%. Entry-level homes priced at $300,000 and below continued to experience declining activity due to ongoing affordability constraints. Inventory rose nearly 24% year-over- year, with the largest gains concentrated above $500,000, providing move-up buyers with significantly more choice.

Within the condo and townhome segment, sales increased modestly by 1% year-over-year, led by strong performance in the $400,000 to $500,000 range. Inventory expanded sharply, up 55% from last year, with notable gains in the $300,000 to $400,000, range as well as in properties priced above $600,000. Attached homes continued to play an important role in the market by offering more attainable options for first-time and budget-conscious buyers.

Market Activity and Demand

New listings decreased to 3,536 an 8.4% year-over-year decline. New listings declined nearly 28% from the previous month of October.

Key takeaway: Inventory and supply eased in November from October’s peak. This is consistent with typical, late-year patterns. Nonetheless, inventory remains above last year’s levels.

Pending sales totaled 3,161, up 5.6% from last year, but declined 15% from the previous month.

Key takeaway: Buyer activity remained steady, suggesting renewed confidence and continued population and job growth driving housing demand in the Charlotte metro area combined with softening interest rates.

Closed sales came in at 2,838, marking a 13.7% year-over-year decrease. Month-over-month, closed sales decline 21%.

Key takeaway: November sales activity reflected a clear return to normal seasonality, slowing from October and last year’s elevated pace.

Pricing Trends

The median sales price rose slightly to $400,000, a 2.6% increase year-over-year. Month-over-month, the median sale price was unchanged.

Key takeaway: Price growth has stabilized after several years of double-digit gains, but remained firm despite slower activity.

The average sales price reached $512,000, up 5.7% year over year. Month-over-month, the average sale price was flat.

Key takeaway: Prices remained relatively stable. Although prices continued to edge upward, the slower pace is helping improve affordability for buyers compared with the highly competitive years immediately following the pandemic.

The average list price climbed to $523,000 a 7.2% increase year-over-year. Month-over-month, the average list price declined from $538,418.

Key takeaway: Sellers are testing higher price points, although buyers are gaining modest negotiating leverage with the November list to sales price ratio declining 1% to 94.8% from one year ago.

Inventory and Market Balance

The number of homes for sale stood at 11,293 , flat year-over-year. By the same token, month-over-month the number of homes for sale increased nearly 28% despite the sharp decline in new listings in November.

Key takeaway: More available homes ease pressure on prices and offer buyers a wider selection. Inventory indicates a gradual shift toward more balanced market conditions, aligning supply more closely with ongoing buyer demand.

Months supply of inventory of 3.1 months was a 15% year-over-year increase. Month-over-month, the months supply of inventory declined slightly from 3.3 months.

Key takeaway: Although still below the four to six months typically associated with a balanced market, the increase in months supply shows demand has remained softer throughout the year and above last year’s levels, allowing inventory to build and the market to gradually loosen.

Market Pace

Homes spent an average of 54 days on the market, a 20% increase year-over-year. Compared with one month ago, days on market were unchanged.

Key takeaway: Properties are staying on the market longer, reflecting a slower pace of decision-making by buyers, as well as a less pressured environment.

Overall Market Performance: November 2025

New listings 3,536, down 8.4% Year over Year (YoY)

Pending Sales 3,161, up 5.6% YoY

Closed Sales 2,838, down 13.7% YoY

Median Sales Price $400,000, up 2.6% YoY

Average Sales Price $512,066, up 5.7% YoY

Average List Price $523,068, up 7.2% YoY

Days on Market 54, up 20.0% YoY

Inventory of Homes for Sale 11,293, up 17.6% YoY

Months Supply of Inventory 3.1, up 14.8% YoY

List To Sales Price Ratio 94.8%, down 1% Y-oY

Average Number of Showings Per Listing 3.5, down from 4.2 showings YoY

Bottom Line

The Charlotte region’s housing market in November 2025 continued to reflect a soft landing—steady sales activity combined with rising inventory and modest price growth. For buyers, greater inventory and slower price growth offer less pressure, more opportunities and increased negotiating power. For sellers, pricing strategically is increasingly important, as buyers have become more selective. Well-positioned homes in desirable price ranges continue to attract strong interest even in a seasonal slowdown. Overall, the Charlotte region is showing signs of normalization, moving away from the overheated conditions of past years toward a more sustainable and stable housing environment.

CHARLOTTE REGION NOVEMBER 2025 REAL ESTATE SNAPSHOT