Should You Wait for Rates To Drop Before Buying a Home in Charlotte?

By Vann Boger

A proud U.S. Army veteran, Vann brings a strong sense of service, integrity, and commitment to every client interaction.

Are you waiting for interest rates to drop before buying a home? I talk to a lot of people who are holding off on buying because they think lower rates are just around the corner. But in Charlotte right now, waiting could actually cost you tens of thousands more. From what I’m seeing, this is genuinely a prime time to buy, not later. Here’s why.

1. Home prices are still rising. Even though price growth has slowed a little, Charlotte’s housing market isn’t cooling off completely. In June 2025, the median sales price hit $435,000, which is a 2.4% increase from the year before. By July 2025, the median price reached $440,000, up 4.1% year over year. That’s hundreds or even thousands of dollars extra if you wait. Buying now lets you lock in today’s price and keep inflation from eating into your buying power.

2. Inventory is growing for now. Right now, this is one of the best advantages for buyers. In June 2025, Charlotte saw a 39% jump in homes for sale compared to the previous year, and the monthly supply grew to 3.1 months. That extra choice gives you more negotiating leverage. If you wait for interest rates to drop, this trend may reverse, and increased competition could drive prices back up. Buying today really does feel like an advantage.

3. The market is shifting toward balance. Charlotte still leans seller-heavy at around 3.1 months of inventory, but it’s closer to a balanced market than it was last year. Homes are staying on the market up to about 47 days, compared to around 40 days a year ago. This shift gives buyers more time to evaluate options, negotiate repairs, or make strategic offers. Waiting risks pricing yourself out or jumping into a bidding frenzy if market dynamics swing back toward sellers.

Charlotte’s home prices are still climbing, inventory is giving you breathing room, and the market is slowly balancing in your favor. Buying now puts you in the driver’s seat. If you want to walk through neighborhoods, explore listings, or strategize your offer, reach out. Just give me a call at (704) 440-5486 or send an email to vannboger@jbolos.com. Let’s make a plan that puts you ahead of the curve.