Charlotte Home Prices Hold Steady as Inventory Rises and Rates Ease

Nationally, the housing market continues to move at a measured pace. U.S. existing-home sales recently slowed to an annual rate of 3.91 million, down 4.4% from a year ago, even as mortgage rates hover near the low 6% range and affordability has modestly improved. Home prices remain resilient, with the national median reaching $396,800 - up 0.9% year-over-year, while inventory stands at about a 3.7 month supply, still below pre-pandemic norms.

Across the Southeast, markets are gradually rebalancing. More homeowners are beginning to list their properties as “spring market” arrives and rates ease slightly compared to last year, helping inventory inch upward across many Southern metros. Buyers remain active but cautious, often taking more time to compare options and negotiate, signaling a shift toward a healthier, more balanced environment than the rapid pace seen in recent years.

In the Charlotte region, the market reflects this same transition. New listings dipped slightly (-0.2%) to 4,531 compared to this time last year, while pending sales rose 1.0% to 3,537. Inventory increased 14.7% to 10,326 homes, pushing months of supply up 11.5% to 2.9. Even with more homes available, prices continued to climb, with the median sales price up 1.3% to $390,000.

Charlotte remains a steady market. Buyers have more choices than a year ago, while sellers still benefit from stable demand and gradually rising prices.

Sources: National Association of REALTORS® (NAR); Associated Press; Reuters; Canopy MLS 

Market Snapshot

Data represents change since this time last year. Based on information from Canopy MLS for February 2025 through February 2026.