Are we in a buyer’s market or seller’s market? And, what’s the difference?
As of today, the greater Charlotte, North Carolina real estate market exhibits characteristics of a balanced market, with trends influencing both buyers and sellers.
Market Characteristics:
Median Home Prices: In February 2025, the median listing price in Charlotte was $425,000, remaining stable compared to the previous year.
Inventory Levels: The market saw a 10.6% increase in homes for sale from January to February 2025, reaching 3,900 listings.
However, inventory remains limited, with only about 1.5 months of supply as of Q4 2024, indicating ongoing demand.
Price Appreciation: Home values have experienced a year-over-year increase, with the average home value in Charlotte rising by 1.1% as of January 2025.
Forecasts suggest continued appreciation, with experts predicting home values to increase between 1.5% and 3.6% nationally in 2025.
Market Outlook:
Looking ahead, the Charlotte real estate market is anticipated to experience moderate growth in 2025. Price growth is expected to range from 3% to 5%, driven by sustained demand and limited inventory.
Additionally, a projected decrease in interest rates to the mid-5% range may encourage more buyers to enter the market, potentially increasing competition, especially in desirable neighborhoods.
Conclusion:
Given these factors, the Charlotte real estate market is currently balanced, offering opportunities for both buyers and sellers. Buyers may benefit from stable prices and the potential for lower interest rates, while sellers can capitalize on sustained demand and a competitive market environment.
Currently balanced, however, I see the inventory as continuing to grow, which points to Charlotte becoming more like a “buyer’s market”