May 2025 Market Snapshot

Here’s a summary of the North Carolina Market Snapshot for May 2025:

📊 Key Metrics:

1. Listings:

   • 67,506 homes listed

   • Up 25.7% year-over-year

   • Previous years:

     • 2024: 53,673

     • 2023: 46,495

     • 2022: 50,327

2. Sales:

   • 13,296 homes sold

   • Down 8.5% year-over-year

   • Previous years:

     • 2024: 14,535

     • 2023: 14,241

     • 2022: 16,683

3. Median Sales Price:

   • $374,994

   • Up 2.1% year-over-year

   • Previous years:

     • 2024: $367K

     • 2023: $359K

     • 2022: $355K

4. Inventory:

   • 5.7 months of inventory

   • Up 27.5% year-over-year

   • Note: 6 months = balanced market

---

🧭 Key Takeaways:

• Inventory and listings are rising sharply, indicating more options for buyers.

• Sales are declining, suggesting cooling demand or affordability challenges.

• Median home prices are still creeping up, though at a slower pace.

• Market is approaching balance but remains slightly in favor of sellers.