July 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 housing market continues to shift, with median days on market rising from just 5–6 days in early 2022 to 24 days as of July 2025. Homes are sitting longer, pointing to reduced urgency among buyers and a less competitive sales environment overall.

For rental property owners, this trend offers both opportunity and a caution flag. Slower sales may mean more would-be sellers opting to rent instead, increasing rental inventory. At the same time, renters have more time to compare options—so landlords should ensure properties are well-presented and competitively priced to stand out in a market where everyone has more breathing room.

Months Supply of Homes

Charlotte’s housing inventory has steadily increased, with months supply more than doubling from 2.3 in mid-2022 to 4.4 as of July 2025. This upward trend suggests a market that is gradually becoming more favorable to buyers, with more options available and less pressure to make quick decisions.

For rental property owners, a rising supply of homes for sale could mean more competition for tenants, especially if would-be sellers choose to rent out instead. However, it also presents an opportunity: investors may find it easier to acquire properties with more negotiating power, especially as seller urgency grows.

Homes for Sale

Charlotte’s housing inventory has grown steadily, rising from 16,884 homes for sale in January 2022 to 22,175 in July 2025—a 31% increase. This sustained climb reflects a market shift away from the ultra-competitive pandemic-era conditions, with inventory growth accelerating particularly over the past 18 months.

For rental property owners, this means more options for acquiring investment properties but also more competition from accidental landlords—homeowners opting to rent instead of sell. Meanwhile, renters may benefit from this increased supply as it can ease overall market pressure, potentially leading to slower rent growth or greater negotiating power when signing or renewing leases.

Sales Price

Charlotte’s median home price has climbed steadily from $309,264 in January 2022 to $375,000 in July 2025—an increase of over 21% in just three and a half years. While year-over-year gains have been modest in recent months, the long-term upward trajectory signals a resilient and appreciating market.

For rental property owners, this steady price growth reinforces the long-term value of owning assets in the region, potentially boosting equity and returns. For renters, however, rising prices may widen the affordability gap for homeownership—making it more difficult to buy—but also highlight the urgency of locking in rental rates or seeking longer-term leases before further price pressures trickle into the rental market.

Summary

Charlotte’s housing market continues to show signs of stabilization and gradual appreciation. Median sales prices have steadily increased over the past three years, rising from around $309,000 in early 2022 to $375,000 by July 2025. For rental property owners, this signals a strong long-term growth trajectory in both equity and rental income. However, this consistent price appreciation may continue to challenge affordability for many first-time buyers or renters seeking to transition into homeownership.

At the same time, homes are staying on the market longer than they were in early 2022. Median days on market peaked at 31 days in early 2023 and have since fluctuated around 20–22 days, compared to just 7 days at the height of the market frenzy in mid-2022. This cooling in speed may offer renters and buyers slightly more time to make decisions, though overall market conditions remain competitive. For renters, the rising rent trend may push some toward considering buying—but slower market movement could offer more breathing room to evaluate options.

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.