Charlotte Housing Trends Point to a More Balanced Market
The national housing market showed signs of cooling in August as higher mortgage rates continued to weigh on activity. Existing home sales fell 2.0% from July and 1.2% year-over-year to 3.98 million, according to NAR. Inventory reached 1.62 million homes, the highest level since 2019, creating a 4.9 month supply and giving buyers more options. The median existing-home price rose 1.6% year-over-year to $429,100, marking 38 consecutive months of annual price growth.
Across the Southeast, buyers are also seeing more choices as inventory expands. Active listings in the South increased 1.1% year-over-year, while median list prices declined 2.6%. This gives buyers more time to compare homes and negotiate, while sellers face a market
where pricing and presentation are increasingly important.
Charlotte is following a similar trend. New listings declined 2.2% year-over-year to 4,940, while pending sales fell 1.8% to 3,763, reflecting a more measured pace of activity. Inventory grew 7.1% to 13,574 homes, bringing months of supply to 3.7. Despite the additional supply,
home values remained steady, with the median sales price rising 2.5% to $410,000. Homes averaged 50 days on market, giving buyers more time to evaluate their options. Overall, Charlotte continues to move toward a more balanced market, with increased choice for
buyers and steady home values. Sellers may need to be more strategic as buyers take longer to make decisions.
Sources: National Association of REALTORS® (NAR); Canopy MLS; Realtor.com
Market Snapshot
Data represents change since this time last year. Based on information from Canopy MLS for August 2025 through August 2026.
