CHARLOTTE — Charlotte’s housing market continued to cool at the end of summer.
Closed sales, pending contracts and new home listings in the 16-county Charlotte region all dropped over both the year and month in August, according to Canopy Realtor Association’s newest monthly report on the local residential real estate market. Reports are based on Canopy MLS data.
Local home sales saw the biggest annual decline of those three metrics, falling 8.7% to 3,560 in August. Pending contracts dropped 1.8% year over year to 3,763, while new listings declined 2.2% to 4,940. On a monthly basis, sales tumbled 14%, contracts slipped 5% and new listings decreased 10.7%.
Canopy noted in its report that activity remains on par with 2025 through the first eight months of the year.
“Affordability remains a significant consideration for buyers, and we’re seeing them become more selective as they weigh higher borrowing costs along with other household expenses,” Joan B. Goode, Canopy’s 2026 president and a broker with Dickens Mitchener, said in the report. ”At the same time, pending sales through August remain essentially even with last year, while buyers have more homes to choose from. This is a more measured market, and both buyers and sellers are having to adjust their expectations to current economic and housing conditions.”
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