Charlotte Housing Market: Trends and Forecast 2025-2026

Thinking of buying or selling a home in the Queen City? You're probably wondering about the current Charlotte housing market trends. The quick answer? While things are definitely shifting, the Charlotte housing market is showing signs of stabilization with increasing inventory and moderately rising prices. Let's dive into the details.

Charlotte Housing Market Trends: What's Happening Now?

Home Sales

Let's start with home sales. Looking at the numbers, we can see that closed sales in Charlotte are up. According to the latest data from the Canopy Realtor® Association, in June 2025, there were 3,378 closed sales, compared to 3,122 in June 2024. That's an 8.2% increase! Year-to-date, we've seen 17,316 closed sales through June 2025, compared to 16,752 in the same period last year – a 3.4% jump. This suggests that people are still buying homes in Charlotte, even with higher mortgage rates.

Here is the tabular form of the data for easy consumption:

Category	June 2024	June 2025	Percent Change	Year-to-Date 2024	Year-to-Date 2025	Percent Change
Closed Sales	3,122	3,378	+8.2%	16,752	17,316	+3.4%
New Listings	4,279	4,371	+2.2%	23,392	25,988	+11.1%
Pending Sales	3,159	3,330	+5.4%	18,393	19,068	+3.7%

Home Prices

Okay, let's talk about the big one: home prices. The median sales price in Charlotte for June 2025 was $435,000, up from $425,000 in June 2024. That's a modest 2.4% increase. The average sales price also saw a similar bump, going from $541,370 to $556,510 (a 2.8% increase). Year-to-date, the median sales price is $415,000 in 2025 compared to $405,000 in 2024, showing a 2.5% rise.

Are Home Prices Dropping in Charlotte?

While we saw some price corrections in the recent past, the latest data doesn't suggest prices are dropping currently. Instead, they're moderately rising. This could be due to a number of factors, including continued demand and a slightly improved economy. Keep in mind that the Charlotte region is still attractive, and people continue to move here.

Housing Supply

One of the biggest changes we're seeing is in the housing supply. The inventory of homes for sale has jumped up significantly. In June 2024, there were 6,452 homes on the market. Fast forward to June 2025, and we're looking at 8,967 homes. That's a whopping 39% increase!

This increase in inventory gives buyers more options and can ease some of the pressure in the market.

Here are the trends on inventory:

Category	June 2024	June 2025	Percent Change
Inventory of Homes	6,452	8,967	+39.0%
Months Supply of Inventory	2.3	3.1	+34.8%

Is Charlotte a Buyer's Housing Market?

For a while, Charlotte was firmly in seller's market territory. However, with the increase in inventory, we're leaning towards a more balanced market. The months' supply of inventory is a good indicator of this. It represents how long it would take to sell all the homes on the market at the current sales pace. In June 2024, there was only a 2.3-month supply. By June 2025, that had increased to 3.1 months, a 34.8% jump!

A balanced market typically has a 4-6 month supply. So, while we're not quite there yet, we're moving in that direction. This means buyers have a bit more leverage than they did a year ago.

Market Trends

A couple of other trends are worth noting. First, homes are staying on the market longer. The days on market until sale have increased from 29 days in June 2024 to 40 days in June 2025 – a 37.9% increase. Similarly, the cumulative days on market until sale have gone up from 32 to 43 days (a 34.4% increase). This isn't necessarily a bad thing; it just means buyers are taking their time and being more selective.

Second, the percent of original list price received has decreased slightly. Sellers are getting closer to 96.8% of their original asking price in June 2025 compared to 97.9% in June 2024. This suggests buyers have a little more room to negotiate.

Impact of High Mortgage Rates

There's no getting around it: high mortgage rates are impacting the market. Currently, the average 30-year fixed mortgage rate is around 6.72%, and the 15-year fixed-rate mortgage is about 5.85% (as of 07/31/2025). This is according to the Primary Mortgage Market Survey® by Freddie Mac. The 30-year fixed-rate mortgage has been relatively stable lately.

These higher rates make buying a home more expensive, which can slow down demand. However, it's important to remember that mortgage rates are still historically low. While higher than recent years, they're nowhere near the double-digit rates we saw in the 1980s.

Freddie Mac forecasts that 30-year FRM rate will end 2025 between 6.0 to 6.5 percent. This stability should give both buyers and sellers some comfort and predictability as they navigate the market.

Overall, what does this all mean?

In my opinion, the Charlotte housing market is undergoing a correction and moving towards a more balanced state. We're seeing more inventory, slightly rising prices, and homes staying on the market longer. Higher mortgage rates are playing a role, but the Charlotte region remains attractive.

Table: Key Charlotte Housing Market Metrics

Metric	June 2024	June 2025	Change
Median Sales Price	$425,000	$435,000	+2.4%
Average Sales Price	$541,370	$556,510	+2.8%
New Listings	4,279	4,371	+2.2%
Closed Sales	3,122	3,378	+8.2%
Inventory of Homes for Sale	6,452	8,967	+39.0%
Months Supply of Inventory	2.3	3.1	+34.8%
Days on Market Until Sale	29	40	+37.9%
Percent of Original List Price Received	97.9%	96.8%	-1.1%

Charlotte Housing Market Forecast 2025-2026: Will Prices Drop or Is a Crash Coming?

If you're watching the Charlotte housing market, you're probably wondering what the future holds. The short answer? While we might see some slight dips, a major crash isn't predicted. Let’s dive into what the experts are saying and what it means for you. Currently, the average home value in the Charlotte-Concord-Gastonia area is around $390,787, which has decreased by about 0.7% over the past year. This slight dip isn't a cause for alarm, but it does signal a shift in the market.

The Forecast: A Closer Look

According to Zillow's latest forecast, here's what we can expect for the Charlotte real estate market in the coming months:

Timeframe	Expected Home Value Change
July 31, 2025	-0.3%
September 30, 2025	-1.0%
June 30, 2026 (1-Year)	-0.1%

This suggests that home values may see a mild decrease in the short term, but things should stabilize within the next year. It’s more of a gentle slide rather than a steep drop.

How Does Charlotte Compare to Other North Carolina Cities?

It's important to see how Charlotte stacks up against other areas in North Carolina. Here's a quick comparison:

City	Forecasted Change by Sept 2025	Forecasted Change by June 2026
Goldsboro	-2.5%	-4.1%
Shelby	-1.8%	-2.3%
Rockingham	-0.4%	-2.1%
Forest City	-1.3%	-1.7%
Raleigh	-1.6%	-1.4%
Marion	-1.6%	-1.4%
Durham	-1.4%	-0.8%
Roanoke Rapids	0.1%	-0.8%
Asheville	-1.4%	-0.7%
Greensboro	-0.8%	-0.6%
Charlotte	-1.0%	-0.1%
Lumberton	-0.9%	-0.1%
Winston-Salem	-0.7%	0%
Henderson	-0.4%	0%

As you can see, while some cities are expected to see more significant declines, Charlotte's housing market forecast is comparatively stable, with only minor adjustments predicted.

What About the National Outlook?

Nationally, things are looking up, according to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR). He anticipates:

• Existing home sales to increase by 6% in 2025 and 11% in 2026.
• New home sales to rise by 10% in 2025 and 5% in 2026.
• Median home prices to increase modestly by 3% in 2025 and 4% in 2026.
• Mortgage rates averaging 6.4% in the second half of 2025 and dropping to 6.1% in 2026.

These factors should support a healthy housing market across the country, including in Charlotte.

So, Will Home Prices Drop Significantly or Crash in Charlotte?

Based on current forecasts, a significant drop or crash seems unlikely. The Charlotte real estate market is expected to experience slight corrections, but overall, it should remain relatively stable. The factors driving this stability include:

• Continued population growth in the Charlotte area
• A relatively strong local economy
• Low inventory helping to prop up prices

My Take and Possible Forecast for 2026

Personally, I believe that the Charlotte area is fairly resilient. While we might see a few more fluctuations in the short-term, the underlying factors supporting the housing market here are strong. For 2026, I think we will see a modest growth of 1-2% in home values, especially if interest rates start to come down. Inventory still needs to adjust.