Charlotte Named A Housing Hot Spot For 2025 By National Association Of Realtors
By Jenna Martin – Managing Editor, Digital, Charlotte Business Journal
The local housing market continues to pick up steam heading into 2025.
Just days after Charlotte jumped to No. 14 on Realtor.com’s list of the top U.S. housing markets in 2025 — up from No. 97 on the same list a year ago — another forecast expects the local metro area to be a top performer in the year ahead.
The National Association of Realtors included Charlotte on its list of the “10 Top Housing Hot Spots for 2025.” The trade association based that list on economic, demographic and housing factors predicted to significantly impact markets.
More specifically, 10 factors were used to determine next year’s housing hot spots: share of locked-in homeowners; average mortgage rate; job growth; share of millennial renters who can afford to buy a home; net migration to population ratio; share of households reaching home-buying age in the next five years; share of out-of-state movers purchasing a home; share of homeowners surpassing the average length of tenure; share of starter-owner occupied units; and home-price appreciation.
The NAR wrote this of Charlotte in its report: “With an impressive 10% job growth over the last five years and strong migration gains, Charlotte’s economy and housing market are poised for continued growth. More than 11% of the households are set to reach the age of 35 to 40 within the next five years, ensuring sustained demand for housing. Prospective buyers in Charlotte also benefit from a wider range of affordable options, as 43% of homes fall within the starter-home category (priced less than $324,000), making the market particularly appealing to first-time buyers and young families.”
Read the full story here.
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