May 2025 Market Update: What you need to know

Brazoban.com · May 2025 Market Update: What you need to know

Hey there, Triangle and Charlotte folks! If you’re dreaming of buying a new home or selling your current one in Raleigh, Durham, or Charlotte, you’ve picked an exciting time to jump into the real estate market. At Brazoban Realty Group, we’re here to share the latest market insights, give you a personal take on what this means for you, and show you how we can make your real estate journey a breeze. Let’s dive into the numbers and see what’s happening!

The Big Picture: A Seller’s Market with High Demand

Picture this: you’re at a concert, and there are way more fans than tickets. That’s what the real estate market looks like right now in Raleigh, Durham, and Charlotte. With an average inventory of just 3.07 months across these cities, there aren’t enough homes to go around, making it a strong seller’s market. For context, a balanced market has about 6 months of inventory, so we’re firmly in seller territory here.

Overall, despite the increase in inventory, homes are selling lightning-fast—often in less than two weeks—and buyers are paying 99% of the list price, meaning sellers are nailing their pricing, and buyers are ready to meet those numbers. The median sold prices tell the story of each city’s unique vibe: Raleigh’s at $465,000, Durham’s at $430,000, and Charlotte’s at $431,577. What’s fueling this frenzy? North Carolina’s booming economy, with thriving tech, healthcare, and finance sectors, is drawing people to these areas like moths to a flame. While some experts suggest prices might cool off a bit later in 2025, there’s no sign of a market crash, so it’s still a great time to be in the game.

Here’s a quick look at the key metrics:

Metric	Raleigh	Durham	Charlotte
Months Supply of Inventory	3.38	3.35	2.81
12-Month Change in Inventory (%)	0.41	0.47	0.12
Median Days on Market	18	15	17
Sold to List Price Ratio (%)	98.8	99	99
Median Sold Price ($)	465,000	430,000	431,577

City-by-City Breakdown

Let’s zoom in on each city to see what’s driving these markets and how you can navigate them.

Raleigh: The Speedy Seller’s Haven

Raleigh is the rockstar of the group, with homes selling in a jaw-dropping 18 days—the fastest of the three cities. The median sold price is $465,000, reflecting the city’s strong demand, driven by its tech and research hubs. With an inventory of just 3.38 months, buyers are in a race to snag their dream home. The slight 0.41% increase in inventory over the past year hasn’t slowed things down much, and homes are still selling at 99% of list price. Raleigh’s diverse economy and low unemployment rate make it a magnet for new residents, keeping the market red-hot .

Durham: Competitive but with a Touch of Opportunity

Durham’s market is a bit more relaxed than Raleigh’s but still firmly in seller territory. With an inventory of 3.35 months, it’s the highest of the three, and homes take about 15 days to sell. The median price is $430,000, aligning with recent data from Redfin’s Durham Market. A 0.47% inventory increase over the past year gives buyers a smidge more breathing room, but with homes selling at 99% of list price, competition is still fierce. Durham’s proximity to Research Triangle Park and its vibrant arts scene make it a hotspot for buyers and investors alike.

Charlotte: The Tightest Market of All

Charlotte is where the competition is fiercest, with the lowest inventory at 2.81 months. Homes here sell in about 17 days, with a median price of $431,577, closely matching Redfin’s Charlotte Market data. The 12-month inventory increase is a modest 0.12%, keeping the market tight. Charlotte’s financial sector, with major players like Bank of America, drives population growth and housing demand, making it a seller’s paradise.

What This Means for You: Buyers and Sellers

So, how does this market impact you? Let’s get personal.

For Buyers: Ready, Set, Go!

If you’re looking to buy, you’re stepping into a fast-paced race. With so few homes available, you need to be ready to act quickly when you find “the one.” Here’s what you can do:

Get Pre-Approved: Having your mortgage pre-approval in hand shows sellers you’re serious and can move fast.
Be Competitive: Since homes are selling at 99% of list price, there’s little room for lowball offers. Work with your agent to craft a strong bid.
Stay Flexible: With limited inventory, you might need to adjust your must-haves or explore up-and-coming neighborhoods for better deals.

It can feel overwhelming, but don’t worry—we’ve got your back. At Brazoban Realty Group, we’ll help you navigate the competition, find hidden gems, and make offers that stand out.

For Sellers: Your Time to Shine

Sellers, you’re in the driver’s seat! The low inventory and high demand mean you’re likely to get top dollar for your home, and fast. Here’s how to make the most of it:

Price It Right: The 99% sold-to-list price ratio shows that accurate pricing is key. Overpricing could scare off buyers, while underpricing might leave money on the table.
Stage and Market: With buyers being picky, a well-staged home and professional photos can make your property stand out.
Time It Wisely: While the market is strong now, hints of softening prices later in 2025 mean now could be the perfect time to sell.

We know selling a home is a big deal, emotionally and financially. Our team at Brazoban Realty Group will work with you to maximize your return and make the process as smooth as possible.

Why Choose Brazoban Realty Group?

At Brazoban Realty Group, we’re more than just real estate agents—we’re your neighbors, your advocates, and your partners in this journey. Based right here in Raleigh, we know the ins and outs of the Raleigh, Durham, and Charlotte markets like the back of our hand. Led by Jeremy Brazoban, our team brings years of experience, a passion for technology, and a commitment to excellence to every client we serve.

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We use cutting-edge tools to keep you informed, from virtual tours to real-time market updates, so you’re never in the dark. Whether you’re a first-time buyer, a seasoned investor, or ready to sell, we tailor our approach to your unique needs. Plus, we’re deeply rooted in our community, with a mission to give back and make a difference. When you work with us, you’re not just getting a real estate team—you’re getting a partner who’s invested in your success.

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Ready to take the next step? Let’s connect! Reach out to us at Brazoban Realty Group and let’s make your real estate dreams a reality. We’re here to guide you every step of the way, with the expertise, heart, and hustle you deserve.