Canopy Realtor® Association Market Updates
Reprinted from June 2025 CRRA Monthly Indicators
U.S. existing-home sales edged up 0.8% month-over-month to a seasonally adjusted annual rate of 4.03 million units, exceeding economists’ expectations, although sales were down 0.7% year-over-year, according to the National Association of REALTORS® (NAR). On a monthly basis, sales increased in the Midwest, Northeast, and South but decreased in the West.
Heading into June, there were 1.54 million units for sale across the country, a 6.2% increase from the previous month and a 20.3% improvement over the same period last year, representing a 4.6-month supply at the current sales pace, according to NAR. Despite the additional supply, home prices have continued to rise nationwide, albeit at a slower pace than during the pandemic, climbing 1.3% year-over-year to $422,800 as of last measure.
New Listings were up in the Charlotte region by 1.8% to 5,441. Pending Sales increased 7.6% to 4,169. Inventory grew 35.9% to 11,478. Prices moved higher as Median Sales Price was up 2.7% to $417,250. Months Supply of Homes for Sale was up 28.0% to 3.2., 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