June 2025 Market Trends

Welcome to our latest rental market trends update, where we examine the current landscape for investment properties and rentals. As we provide the trends of the present month, we will also share comparisons with the same period in previous years. This market analysis focuses on Single Family Homes, Condos, and Townhomes in the dynamic Charlotte area. Whether you own rental properties or are considering entering the market, our analysis offers valuable insights into year-over-year trends.

In the ever-changing rental market, understanding shifts in demand, pricing, and property availability is crucial for property owners and managers. Join us as we break down the data to offer insights into the rental market’s current state, providing essential context for those managing or investing in rental properties. Whether you’re focused on growing your portfolio, optimizing returns, or staying informed, we hope this overview proves valuable.

Median Days on Market

The Charlotte area housing market continues to shift, with homes now taking significantly longer to sell. As of June 2025, the median days on market has reached 20—up from just 4 days at the start of 2022 and nearly doubling in the past year alone. This extended timeline points to a cooling market where buyers have more negotiating power and are taking longer to make decisions.

For rental property owners, this trend presents both a challenge and an opportunity. Slower home sales may encourage more homeowners to rent out properties instead of selling, potentially increasing rental inventory. At the same time, the added uncertainty for sellers could drive more potential buyers toward renting in the short term. Property managers should keep a close eye on these trends, as they may impact lease renewals, vacancy timelines, and how aggressively rental rates should be positioned in a more fluid market.

Months Supply of Homes

Months of supply in the Charlotte area has steadily increased, reaching 2.7 as of June 2025—more than tripling since early 2022. This gradual but consistent growth signals a clear shift toward a more balanced market, moving away from the extreme seller’s market conditions of the past few years.

For rental property owners, this rise in supply could lead to increased competition—not just among sellers, but also among landlords as more owners opt to rent instead of sell. As buyers face more choices, some may delay purchasing and continue renting, while others could transition out of rentals as inventory becomes more favorable. This dynamic makes it critical for property managers to price strategically, offer competitive amenities, and monitor local inventory trends closely to retain quality tenants and minimize vacancy risk.

Homes for Sale

The number of homes for sale in the Charlotte area has more than doubled since early 2022, reaching 7,440 as of June 2025. This consistent rise in inventory points to a softening in the resale market, creating new dynamics for both renters and property owners.

For landlords, the increase in housing supply may translate into heightened competition, not only from other rental properties but also from sellers who may opt to lease their homes if they can’t sell quickly. Renters, on the other hand, may find more choices and negotiating power, particularly if rental properties become more abundant. For property managers, staying agile with pricing, lease terms, and tenant retention strategies is increasingly important as the landscape shifts and prospective renters weigh more options than they have in years.

Sales Price

Home prices in the Charlotte area continue their slow but steady climb, with the median sales price reaching $408,833 as of June 2025. After leveling off through much of 2023, prices began inching upward again in 2024 and into 2025, signaling a resilient market even amid growing inventory and longer days on market.

For rental property owners, this price growth helps support higher rental rates and overall property values. However, rising prices can also push more prospective buyers into the rental pool, unable or unwilling to purchase in the current environment. This presents a valuable opportunity for landlords to attract quality tenants while maintaining strong rental income. Property managers should stay attuned to these shifts, ensuring rental pricing strategies align with broader market trends while also keeping an eye on affordability concerns that may influence tenant behavior.

Summary

The Charlotte area housing market continues to shift toward balance, with multiple indicators pointing to a slower, more navigable environment for buyers and renters alike. As of June 2025, the median sales price has climbed to $408,833—up from just under $400,000 a year ago—marking a steady, if modest, pace of appreciation. Inventory has also expanded considerably, rising from just over 5,000 homes in June 2023 to 7,440 homes today. Supporting this trend, the months supply of homes has more than doubled since early 2023, now sitting at 2.7—its highest level in years. At the same time, median days on market has increased from just 10 days in June 2023 to 20 days as of last month, further reinforcing the cooling pace of transactions.

For rental property owners and managers, this evolving market presents a timely opportunity to reassess strategy. As homes take longer to sell and inventory builds, some owners may pivot to renting rather than listing—potentially adding more options for renters but also increasing competition among landlords. Still, ongoing affordability challenges and price growth are likely to keep rental demand strong. Property owners should take a data-driven approach when setting rents, balancing rising home values with the need to remain competitive. In a market that’s easing but still active, being proactive about pricing and tenant quality is key to maximizing returns and minimizing vacancy risk.

If you’re a property owner looking to maximize your rental potential, now is an ideal time to explore how professional property management can enhance your investment strategy. Reach out to learn more about how we can help you adapt to these evolving market conditions and make the most of your rental properties.