Charlotte’s New Construction Market Is on Fire

If you’re wondering whether it’s a good time to make a move in Charlotte’s housing market — stop guessing. The numbers are in from August, and they’re loud and clear.

According to the latest release from the U.S. Census Bureau and HUD, new single-family home sales shot up to an annualized rate of 800,000 units nationwide — and yes, Charlotte’s growth mirrors this trend. We're talking a 20.5% jump from July and up 15.4% from this time last year.

If you’ve been waiting for the “right time” — that window may be narrowing.

Inventory is Tight — and That’s a Big Deal

By the end of August, there were 490,000 new homes for sale across the U.S., translating to a 7.4-month supply — down from 9.0 months in July and 8.2 months in August 2024.

In Charlotte, we’re seeing similar pressure. Builders are ramping up, but buyer demand is outpacing supply. That’s exactly why homes are selling faster and for more.

📌 Translation: If you’re a seller or a builder, this is your moment.
📌 If you’re a buyer? You need a strategy — and a sharp agent — to win.

Prices Keep Climbing — But There’s a Silver Lining

Let’s talk numbers:

• Median new home sales price: $413,500 (↑ 4.7% from July, ↑ 1.9% YoY)

• Average sales price: $534,100 (↑ 11.7% from July, ↑ 12.3% YoY)

Yes, prices are up — but they’re rising for good reason: strong demand, limited inventory, and a robust economy.

Charlotte’s booming job market, steady population growth, and influx of remote workers are pushing prices in many neighborhoods — especially in hot zones like South End, Ballantyne, and Steele Creek.

What This Means for Charlotte Buyers and Sellers

👉 Buyers: If you’re shopping for new construction, don’t wait for prices to drop — they likely won’t. The market’s moving, and waiting could cost you tens of thousands. Lock in a home before mortgage rates shift again.

👉 Sellers/Builders: Demand is your best friend. Inventory’s down, and prices are climbing. If you’ve got land, lots, or spec homes — now’s the time to bring them to market.

📞 Let's Talk Strategy

If you want to make the most of this momentum — whether you're buying, selling, or building — let’s talk. I’ll show you how to navigate this market with confidence and come out ahead.

📞 Call Bill Burns at 919-725-2837
📧 Email: billburnsrealty@gmail.com
🌐 www.carolinaforsale.com

Let’s make your next move the smartest one yet.