Oct 22, 2025
As in the previous year, May once again marked the peak month for new listings across the NC Canopy MLS area in 2025. Following the usual seasonal pattern, listing activity began to ease through the summer and is expected to reach its lowest point in December.
Overall, new listings increased compared to 2024, though the pace of growth has moderated. Year-over-year gains of +15% in May slowed to +11% in July and +9% in September, indicating that some sellers have grown more cautious about entering the market.
In terms of pricing, the median new listing price—which hovered around $400,000 for most of 2024—rose to roughly $418,000 in 2025. On a year-over-year basis, median prices climbed 5% in July and August and 9% in September, reflecting persistent upward pressure on prices despite slower listing growth.
Sales activity has also moderated since June. In the Canopy MLS area, 3,493 homes were sold in September, down from 3,767 in June. Year-over-year, sales fell 2% in July and 3% in August, but rebounded with a 13% increase in September compared to the same month last year. In total, 29,103 homes were sold during the first nine months of 2025, slightly below the 29,927 units recorded in the same period of 2024.
Comparing new listings with closed sales shows that inventory levels are rising. The median days on market (DOM) increased from 58 days in May to 66 in July and 78 in August, before easing to 73 days in September, suggesting that homes are taking longer to sell overall.
You can access detailed charts related to new home sales at link
Note: All calculations and figures are based on NC Canopy MLS Service Area listing data.
Oct 22, 2025
As in the previous year, May once again marked the peak month for new listings across the NC Canopy MLS area in 2025. Following the usual seasonal pattern, listing activity began to ease through the summer and is expected to reach its lowest point in December.
Overall, new listings increased compared to 2024, though the pace of growth has moderated. Year-over-year gains of +15% in May slowed to +11% in July and +9% in September, indicating that some sellers have grown more cautious about entering the market.
In terms of pricing, the median new listing price—which hovered around $400,000 for most of 2024—rose to roughly $418,000 in 2025. On a year-over-year basis, median prices climbed 5% in July and August and 9% in September, reflecting persistent upward pressure on prices despite slower listing growth.
Sales activity has also moderated since June. In the Canopy MLS area, 3,493 homes were sold in September, down from 3,767 in June. Year-over-year, sales fell 2% in July and 3% in August, but rebounded with a 13% increase in September compared to the same month last year. In total, 29,103 homes were sold during the first nine months of 2025, slightly below the 29,927 units recorded in the same period of 2024.
Comparing new listings with closed sales shows that inventory levels are rising. The median days on market (DOM) increased from 58 days in May to 66 in July and 78 in August, before easing to 73 days in September, suggesting that homes are taking longer to sell overall.
You can access detailed charts related to new home sales at link
Note: All calculations and figures are based on NC Canopy MLS Service Area listing data.
