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Housing Market Update: National Trends Meet Charlotte’s Reality

March 28, 2025 by Danielle Edwards

National Housing Market Update: A Mixed Bag of Recovery

The housing market update for March 2025 reveals a national market trying to gain momentum but still facing headwinds. According to the MBS Highway National Housing Index, the market nudged up 4 points to an index of 45, showing slow improvement but still signaling a contraction (with 50 as the breakeven point).

Buyer activity is showing more life, rising 7 points to hit 45, but price direction has stagnated after three months of moderate gains. While some regions like the Northeast, Midwest, and Northwest show solid increases in activity, the Southeast and Southwest—including parts of North and South Carolina—remain below breakeven, hovering at 38 and 40, respectively.


Charlotte’s Housing Market: Holding Strong in Uncertain Times

While the national outlook is cautious, Charlotte’s real estate market is telling a more stable story. The Queen City continues to hold its ground, offering both buyers and sellers a relatively balanced environment.

Infographic showing national housing index and buyer activity gains alongside Charlotte’s median home value and sale price for March 2025.

Home Values and Pricing Trends

Charlotte’s median home value has climbed to $393,531, a 0.9% year-over-year increase (source: Zillow). Meanwhile, the median sale price sits at $411,000, reflecting a 2.8% uptick compared to March 2024 (Redfin).

Market Activity: Balanced and Competitive, But Manageable

Homes in Charlotte are spending an average of 37 days on the market, and sellers typically receive two offers per listing (Realtor.com). This healthy level of activity indicates a balanced market where neither buyers nor sellers dominate—great news for anyone entering the game in 2025.


Charlotte Market Snapshot: Quick Recap

  • Median Home Value: $393,531 (+0.9% YoY) [Zillow]

  • Median Sale Price: $411,000 [Redfin]

  • Average Days on Market: 37 days [Realtor.com]


National Pricing vs. Charlotte’s Steady Growth

Nationally, price growth has stalled, and some regions are even seeing slight declines. However, Charlotte’s real estate market bucks that trend. Thanks to ongoing local developments like South End’s Queensbridge Collective and Dilworth’s Radius Dilworth apartments, the city maintains steady demand and price appreciation.

Additionally, limited inventory continues to support prices. With only about 3,200 active listings, down 3% from last year (The Luxury Playbook), competition remains healthy but not overwhelming.


Is It a Buyer’s or Seller’s Market? The Answer May Surprise You

Across the U.S., markets vary:

  • Buyer-leaning in parts of Florida, Texas, and the West Coast.

  • Still seller-friendly in the Northeast and Mid-Atlantic.

Charlotte, however, sits comfortably in a balanced zone, making it an ideal time for both buyers and sellers to engage.


Key Takeaways: What You Need to Know

  • National Index: Buyer interest is growing, but pricing remains cautious.

  • Charlotte: A balanced, steady market with mild growth in home values.

  • Price Direction: Stable nationwide but slightly rising in Charlotte.

  • Developments: Local projects like Queensbridge Collective and Radius Dilworth are boosting housing stability.

  • Market Dynamics: Charlotte’s moderate inventory and steady demand foster ongoing stability.


What’s Next for Charlotte’s Real Estate Market?

Looking ahead, Charlotte’s housing market appears poised for continued steady growth through 2025. The city’s blend of new developments, balanced inventory, and healthy demand suggests buyers and sellers can expect consistent opportunities without extreme swings.

Whether you’re buying your first home, looking to upgrade, or considering selling, Charlotte offers a unique advantage—a stable market in a time when others are fluctuating.

Ready to explore your options? Contact me today to navigate Charlotte’s dynamic market with confidence.

Stay tuned for all updates! Follow us on social media, Facebook, Instagram, and YouTube.

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Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer Lyndsay on her relocation. info@soldondanielle.com | 704-604-2999 | Charlotte Real Estate Agent | Selling Charlotte since 2006 | Visit my YouTube Testimonials

Filed Under: Blog, Charlotte News and Information, Charlotte Real Estate News, Market Conditions Tagged With: buying a home in charlotte, Charlotte developments, Charlotte home prices, charlotte housing market, Charlotte NC Real Estate, home values Charlotte, Housing Market Update, MBS Highway housing index, national housing trends, Queensbridge Collective, Radius Dilworth Charlotte, real estate forecast 2025, Real Estate Market Trends, real estate news Hashtags:, selling a home in Charlotte

Is 2024 a Good Time to Buy a House? Key Market Insights

September 24, 2024 by Danielle Edwards

Is 2024 a Good Time to Buy a House? Key Market Insights

If you’re asking yourself, “Is 2024 a good time to buy a house?” you’re not alone. Many potential homebuyers are curious about what this year holds for the housing market.

Current Housing Market Trends

The real estate market in 2024 is showing signs of change. Here are some key trends to consider:

  • Increased Inventory: More homes are becoming available, giving buyers more options to choose from.
  • Stabilizing Prices: Home prices are leveling off after years of rapid growth, potentially making purchases more affordable.


Graph showing the stabilization of average home prices from 2019 to 2024, indicating a less volatile housing market.

The graph above shows how average home prices have started to stabilize from 2019 to 2024, indicating a less volatile market for potential buyers.

Interest and Mortgage Rates

Interest rates play a significant role in determining whether it’s a good time to buy:

  • Potential Rate Drops: Economists predict that mortgage rates may decrease, lowering monthly payments for new buyers.
  • Affordability: Lower rates increase purchasing power, allowing you to afford a more expensive home or reduce your monthly expenses.


Graph illustrating the relationship between rising interest rates and decreasing purchasing power for homebuyers

The graph above shows the latest mortgage rates for various loan types in September 2024, helping buyers understand current market conditions.

Economic Factors to Consider

Beyond market trends and rates, consider these economic factors:

  • Job Market Stability: A strong job market can give you the confidence to make a long-term investment.
  • Inflation Rates: Inflation can affect the cost of living and the value of your investment over time.

Making Your Decision

So, is 2024 a good time to buy a house? It depends on your personal circumstances, financial readiness, and market conditions in your desired area. Here are some steps to help you decide:

  • Assess Your Finances: Ensure you have a stable income and sufficient savings for a down payment and closing costs.
  • Get Pre-Approved: Speak with a lender to understand how much you can borrow and at what interest rate.
  • Consult a Real Estate Professional: An experienced agent can provide local market insights and guide you through the process.


Graph illustrating the relationship between rising interest rates and decreasing purchasing power for homebuyers

The graph above illustrates how higher interest rates can decrease your purchasing power, helping buyers make informed decisions about when to lock in rates.

Ultimately, staying informed about the housing market trends and economic factors will help you make the best decision for your situation in 2024.

Reach out to us, and we’ll be delighted to assist you. Stay tuned for all updates! Follow us on social media, Facebook, Instagram, and YouTube.

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Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer Lyndsay on her relocation.

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

info@soldondanielle.com

704-604-2999

Visit my YouTube Testimonials

Filed Under: Blog, Charlotte News and Information Tagged With: 2024 real estate, affordability, buyer’s guide, buying a home, buying a house in 2024, buying strategies, current mortgage rates, economic factors, economic trends, Fed impact on housing, Fed impact on mortgages, Fed interest rate, Fed policy., Fed rate cuts, financial advice, financial planning, first-time buyers, first-time homebuyers, home affordability, Home Buyers, home buyers market, Home Buying Guide, Home buying tips, home loan rates, home prices, home pricing, home selling tips, housing inventory, Housing Market 2024, housing market analysis, Housing Market Predictions, Housing Market Trends, housing price trends, interest rate cut, interest rates, interest rates 2024, investment opportunities, Is 2024 a good time to buy a house, loan rates, market analysis, market dynamics, market predictions, market shifts, market stabilization, mortgage advice, mortgage brokers, mortgage loan, mortgage market forecast, mortgage news, mortgage rate trends, mortgage rates, mortgage rates 2024, mortgage rates update, mortgage tips, mortgage trends, Property Investment, property market insights, Real Estate Advice, real estate buyers, real estate economy, real estate forecast, real estate insights, real estate investments, real estate market 2024, Real Estate Market Analysis, real estate market outlook, Real Estate Market Trends, real estate opportunities, real estate outlook, real estate sellers, real estate tips, Real Estate Trends, refinancing, seller’s guide, selling a home

Exploring National & Charlotte Real Estate Market Trends 2024

September 16, 2024 by Danielle Edwards

 

Navigating the National and Charlotte Real Estate Market in September 2024

The national real estate market trends are ever-changing, impacting both the overall market and local markets like Charlotte. As we step into September 2024, several key updates are affecting the current mortgage rates, leading to significant housing market updates. Over the past two years, we’ve seen rapid increases in 30-year fixed mortgage rates, influencing affordability and real estate market balance nationwide.

National Market Update: Shifting Mortgage Rates and Trends

The national real estate market has seen substantial shifts in 2024, with a particular focus on the mortgage rate forecast. The Federal Reserve is signaling policy changes, and the real estate market news indicates potential rate cuts. This change could significantly impact the national home buying guide for those considering new purchases. Figure 1 shows the trend of 30-year fixed mortgage rates over the past few years. Housing market predictions suggest that lowering rates will open up more home-buying opportunities, potentially influencing real estate investment tips for buyers and investors alike.

National Mortgage Rates Over Time (2020-2024)Figure 1: National Mortgage Rates Over Time (2020-2024)

 

The National Real Estate Market Analysis and Balance

We’re witnessing a more balanced national market. A balanced market typically involves a five to seven-month supply of homes, and we’re seeing signs of this balance across the country. Housing market insights show that inventory levels are on the rise, and homes are staying on the market longer. This shift may affect those looking for property investment guides or considering the best time to buy a home. National Real Estate Market Analysis 2024 emphasizes understanding these dynamics for strategic decision-making.

Charlotte Market Insight: Trends and Opportunities

In the Charlotte Real Estate Market, we’re observing similar shifts. Charlotte housing market updates reveal that inventory is increasing, and the market is leaning towards balance. Figure 2 illustrates the monthly inventory levels in Charlotte, highlighting the market’s trend towards balance. For those searching for homes for sale in Charlotte NC, this is a significant development. Charlotte NC property listings are staying on the market a bit longer, providing more options for buyers. If you’re buying a home in Charlotte, now might be the ideal time.

Charlotte Housing Market Inventory (2023-2024)Figure 2: Charlotte Housing Market Inventory (2023-2024)

 

Working with the Best Realtors in Charlotte

With the market changes, working with a knowledgeable Charlotte Realtor becomes essential. As a top real estate agent in Charlotte NC, I offer insights into Charlotte real estate trends and help navigate the complexities of the market. Whether you’re looking for the best Charlotte neighborhoods to buy a home or understanding the impact of mortgage rates on home buying, expert guidance is key.

Opportunities and Tips for Buyers and Sellers

Despite these market shifts, there are numerous home-buying opportunities in the Charlotte real estate listings. Sellers, too, can benefit by understanding the market dynamics. Figure 3 compares the average home prices in the national market versus Charlotte.

National vs. Charlotte Home Prices (2022-2024)Figure 3: National vs. Charlotte Home Prices (2022-2024)

 

  • Price your home correctly based on the real estate market analysis.
  • Understand how mortgage rates affect the housing market.
  • Consider the current real estate market 2024 trends before making decisions.

For first-time home buyer tips, it’s important to weigh the pros and cons of buying vs. renting in Charlotte. Given the market’s current state, this might be an opportune moment to invest in affordable homes in Charlotte NC.

Final Thoughts on Navigating the Charlotte Market in 2024

Understanding the latest trends in the national housing market alongside the Charlotte real estate market is crucial. Whether you’re considering how to navigate the Charlotte real estate market in 2024 or looking for tips for selling your home in Charlotte, staying informed is key. The market is evolving, and with the right strategy, you can make the most of the opportunities it presents.

Stay tuned for all updates! Follow us on social media, Facebook, Instagram, and YouTube.

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Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer Lyndsay on her relocation.

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

info@soldondanielle.com

704-604-2999

Visit my YouTube Testimonials

Filed Under: Advice, Blog, Charlotte News and Information, Charlotte Real Estate News Tagged With: Affordable Homes in Charlotte, Best Charlotte Neighborhoods to Buy a Home, Best Time to Buy a Home, buying a home in charlotte, Charlotte NC Property Listings, Charlotte Real Estate Listings, charlotte real estate market, Charlotte realtor, First-Time Home Buyer Tips, Home Buying Opportunities, home selling tips, Housing Market Predictions, Housing Market Update, How Mortgage Rates Affect the Housing Market, Impact of Mortgage Rates on Home Buying, Latest Trends in National Housing Market, locust nc, mortgage rates 2024, National Real Estate Market, Navigating Charlotte Real Estate Market 2024, Property Investment Guide, Real Estate Investment Tips, Real Estate Market Analysis, Real Estate Market Balance, Real Estate Market Forecast, Real Estate Market Insights for Charlotte Buyers, Real Estate Market Trends, realtor stanly county, stanly county real estate, Understanding Mortgage Rates in 2024

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Danielle Edwards
RE/MAX Executive
12104 Copper Way Ste. 100
Charlotte, NC 28277
704-276-6882
info@soldondanielle.com

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