Charlotte Home Listings Jump 32.7% as Housing Market Shows Mixed Signs

Charlotte's home inventory climbed to 8,204 in early February 2025, a big 32.7% jump from last year.

The market kept pushing prices up. A typical home now runs $385,000, up 2.7%. Sellers aimed higher with listing prices reaching $509,726, climbing 4.7% from last year and 8.2% since December.

"Despite high mortgage rates, buyer interest remains robust," said Charisma Southerland, president of the Canopy Realtor Association to Charlotte Business Journal.

Early 2025 showed a mixed bag. While overall sales went up 7.1% with 2,482 homes sold, home tours dropped 2.4% to 5.2 showings per listing. Matthews stood out with 7.3 tours per home.

Sellers got 95.4% of their asking price in January, down slightly from 96.4% last year but better than December's 95.1%. Homes took 57 days to sell, about two weeks longer than in January 2024.

Buyers found more options as supply grew to 2.3 months, up from 1.8 months in 2024. But with most areas still under three months of inventory, sellers keep the upper hand in deals.

Looking beyond city boundaries shows more options. Kings Mountain, Lincolnton, Salisbury, and Shelby had more homes available than the downtown areas.

The rental market stayed strong: typical rent hit $1,800 with just 4.2% empty units. The new buildings can't keep up, especially for homes in the $300,000 to $500,000 range.

New contracts matched last year at 3,320 homes while jumping 26.2% from December. The month ended with 640 sales, beating last year's 605.

The city's strong job market keeps driving things. As finance, healthcare, and tech jobs grow, they bring in new buyers. Meanwhile, changing mortgage rates affects when homeowners decide to sell.