Inventory Rises as Buyer Behavior Shifts Heading Into Year-End

The national housing market in November showed continued inventory growth and subtle shifts in buyer behavior. According to the latest Realtor.com® Monthly Housing Trends Report, active listings rose about 12.6% year-over-year, marking the 25th consecutive month of inventory gains, while median listing prices softened slightly and homes spent a bit longer on the market. Buyers are increasingly drawn to lower-priced markets as affordability pressures persist.

Across the Southeast, conditions also eased as more homes became available and price growth moderated. Buyers enjoyed slightly more options than earlier in the year, while sellers navigated a market adjusting to affordability challenges.

In the Charlotte MSA, new listings were down 8.4% in November versus the same time last year, pending sales were up 5.6%, and closed sales were down 13.7%. The average sales price rose 5.7% to $512,066, and homes averaged 54 days on market, up from 45 last year. This signals slower pacing yet steady demand.

Overall, housing conditions remain mixed: buyers are gaining more breathing room nationally and regionally, while Charlotte continues to show stable price growth and persistent demand as 2025 comes to a close.

Market Snapshot
Data represents change since this time last year. Based on information from Canopy MLS for November 2024 through November 2025.