As we hit June 2, 2025, the U.S. and North Carolina housing markets are changing fast. I’m worried about how these shifts might affect you, so let’s break down what’s happening nationally and right here at home. I’m here to guide you through it all, whether you’re buying your first home or selling in our vibrant state.
What’s Shaking Up the U.S. Housing Market
1. Deals Are Falling Apart
Across the U.S., 14% of home sales fell through in April 2025. High prices and economic worries are making buyers nervous. For example, this gives buyers more room to negotiate or revisit deals if sellers take backup offers. I’m concerned about families missing out, so I’ll help you craft offers that hold strong.
2. More Homes, Tougher Competition
Nationally, there are 490,000 more sellers than buyers. Inventory’s up 33% from last year, pushing sellers to act fast before prices dip by year’s end. Consequently, buyers have more choices, especially in the South. I’ll guide you through this growing pool to find your perfect home.
3. Big Spenders Hit Pause
Wealthy buyers are holding back due to stock market swings and 7% mortgage rates. However, hot properties still sell fast. Less popular areas give buyers more bargaining power. As someone who cares about affordability, I’ll help you snag a deal in this shifting market.
4. Sales Are Slowing Down
Pending home sales dropped 6.3% recently, with unsold homes up 33% from last year. Some call the market “wheezing” because buyers are cautious. This slowdown challenges sellers but opens doors for buyers. Therefore, I’m ready to help you navigate this sluggish spring.
5. Mortgage Resets Hurt
Folks with low-rate adjustable mortgages from the pandemic are facing resets. This hits impulsive buyers and investors hard, especially in places like Florida. I’m worried about homeowners feeling squeezed, so let’s explore options to keep your finances steady.
How This Hits Home in North Carolina
1. Local Deal Cancellations Spike
In North Carolina, we’re seeing similar deal cancellations, especially in hot spots like Raleigh and Charlotte. Buyers are getting pickier, pushing for better terms in areas like Cary or Durham. For instance, I recently helped a family in Raleigh renegotiate a deal after it fell through. I’m here to keep your sale or purchase on track.
2. Inventory Grows in NC
Our state’s inventory is up to a 4.0-month supply, compared to 3.2 months last year. In the Triangle and Charlotte, this means more homes to choose from. As a local who’s raised kids here, I know how tough it is to find the right place. I’ll help you sift through listings to find a home that fits your life.
3. Affordability Feels Out of Reach
With U.S. median home prices at $403,700, North Carolina’s prices are close behind. In Raleigh, median prices hit $420,000, and monthly payments are around $2,300 with 7% rates. I feel for families struggling to buy in our neighborhoods, so I’m working with lenders to find solutions like down payment assistance.
4. Local Markets Vary
While the Northeast sees price surges, our Southern markets are cooling. For example, Charlotte’s prices are up only 2% year-over-year, and some suburbs see slight drops. This mix affects your strategy, whether you’re in Asheville or the Triad. Let’s tailor a plan to your town’s vibe.
5. Policy Impacts Hit Home
New tariffs are raising building costs, which hurts our growing areas like the Triad, where new construction is big. Immigration changes could also shrink our construction workforce. As a North Carolinian, I’m concerned about how this affects our builders and buyers, so I’m staying on top of it for you.
Why This Matters to You
Growing up in North Carolina, I’ve seen our state become a magnet for families and professionals. But with high rates and more homes on the market, I’m worried about locals feeling priced out or stuck. Whether you’re a first-time buyer in Durham nervous about rates or a seller in Greensboro facing competition, I’m your go-to guide. At Brazoban Realty Group, we don’t just close deals—we build futures for our community. I’ll listen, strategize, and make this process smooth for you.
Why Choose Brazoban Realty Group?
With deep roots in North Carolina, I know our market like the back of my hand. Whether you’re eyeing a cozy bungalow in Raleigh or a family home in Charlotte, my team’s got your back. We’ll help you navigate rising inventory, negotiate smart deals, or price your home to sell fast. Let’s make your real estate journey exciting and stress-free.
References
- National Association of Realtors, Pending Home Sales Data, May 2025
- Redfin, Housing Market Update, March 2025
- National Association of Home Builders, Housing Market Index, March 2025
- ATTOM Data Solutions, Foreclosure Activity Report, February 2025
- X Post by @HousingAnalyst, June 1, 2025: “490,000 more sellers than buyers—market cooling?”
- X Post by @RealEstateNC, May 30, 2025: “Triangle inventory up, buyers gaining leverage.”
- Zillow, Raleigh Housing Market Data, April 2025
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