Canopy Realtor® Association Market Updates
Reprinted from September 2025 CRRA Monthly Indicators
U.S. existing-home sales were virtually unchanged from the previous month, dipping just 0.2% to a seasonally adjusted annual rate of 4.0 million units, according to the National Association of REALTORS® (NAR). Most of these transactions went under contract in June and July, when mortgage rates were 40 to 50 basis points higher than current levels. Year-over-year, sales increased 1.8%, with the strongest activity occurring in the Midwest, where the typical home price is 22% below the national median.
Nationally, housing inventory declined for the first time this year, slipping 1.3% month-over-month to 1.53 million units, representing a 4.6-month supply at the current sales pace, according to NAR. Despite the monthly drop, total inventory remained 11.7% higher than the same time last year. Meanwhile, the median existing-home price rose 2% year-over-year to $422,600, though it was essentially flat compared to the prior month.
New Listings were up in the Charlotte region by 5.3% to 4,993. Pending Sales increased 13.4% to 3,731. Inventory grew 23% to 12,082. Prices moved higher as Median Sales Price was up 0.9% to $397,000. Months Supply of Homes for Sale was up 13.8% to 3.3., indicating that supply increased relative to demand.
A Closer Look
Monthly Average 30-Year Fixed-Rate Conventional Mortgage Rates
Residential Closings & Average Sales Price for the entire CMLS Area
A Look at Charlotte's Overall Real Estate Market