Canopy Realtor® Association Market Updates
Reprinted from August 2025 CRRA Monthly Indicators
U.S. existing-home sales rose 2.0% month-over-month and 0.8% year-over-year to a seasonally adjusted annual rate of 4.01 million units, according to the National Association of REALTORS® (NAR). Economists polled by Reuters had forecast a rate of 3.92 million units. Regionally, sales increased monthly in the West, South, and Northeast, but declined in the Midwest.
Nationally, 1.55 million units were listed for sale heading into August, up 0.6% from the previous month and 15.7% higher than the same time last year, representing a 4.6-month supply at the current sales pace, according to NAR. Inventory is now at its highest level since May 2020, a shift that has helped slow price growth in many markets. As a result, the national median existing-home sales price edged up just 0.2% year-over-year to $422,400.
New Listings were down in the Charlotte region by 3.5% to 4,979. Pending Sales increased 12.4% to 4,047. Inventory grew 26.7% to 11,902. Prices moved higher as Median Sales Price was up 1.3% to $400,000. Months Supply of Homes for Sale was up 17.9% 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