Canopy Realtor® Association Market Updates
Reprinted from July 2025 CRRA Monthly Indicators
U.S. existing-home sales fell 2.7% from the previous month to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS® (NAR). Sales were unchanged from one year earlier. Regionally, monthly sales declined in the Midwest, Northeast, and South but rose in the West. Year-over-year, sales decreased in the Northeast and West but increased in the South and Midwest.
Nationally, the median existing-home sales price rose 2.0% year-over-year to $435,300, a new monthly high and the 24th consecutive month of annual price gains, according to NAR. Slower sales activity has contributed to rising inventory this year, with 1.53 million properties listed for sale heading into July, a 15.9% increase from the same time last year and equivalent to a 4.7-month supply at the current sales pace.
New Listings were up in the Charlotte region by 4.7% to 5,386. Pending Sales increased 12.1% to 4,103. Inventory grew 33.5% to 11,898. Prices moved higher as Median Sales Price was up 1.9% to $408,000. Months Supply of Homes for Sale was up 26.9% 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