Southwest Charlotte/Steele Creek housing update for December 2018 . Charlotte, North Carolina’s southwest/Steele Creek area (28273 and 28278 zip codes) continued trends we’ve seen all year. Home prices increased in December with median sale prices increasing by double digits. Inventory remained low, especially in affordable homes, and particularly in the 28273 zip code, which had just one month’s supply of homes for sale.
Indian Land, SC housing market (29707 zip code) update for December 2018. The Indian Land housing market remains a seller’s market with just 2.7 months supply of inventory despite an increase in new listings. Overall inventory was down 7.5%; resale home inventory was down even more 18.2%. Although the average sale price of Indian Land homes dropped in December 2018 it shouldn’t be assumed Indian Land homes are losing value. It had more to do with the price mix of homes sold. And price per square foot increased during the month.
Indian Trail Housing Market Update/Video December 2018. Indian Trail, NC (28079 zip code) area includes the towns of Stallings, Hemby Bridge, and Lake Park in Union County. Home prices increased in December. Despite an increase in new listings and inventory, the months supply of homes dropped to 2.3 keeping Indian Trail a seller’s market.
Matthews Housing Market Update/Video for December 2018. December home sales in Matthews, North Carolina saw continued home sale prices increases. Market inventory remained tight and months supply of homes at 1.9 months indicated a continuing seller’s market. Closed and pending sales, as well as new listings, were all down by double digits in December. Lack of affordable inventory can be considered a contributing factor for this situation, as well as the holiday season slowdown.
Waxhaw Housing Market Update for December 2018. home sales in the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued the trends we’ve seen all year. Home prices increased in December. Inventory remains low, especially in affordable homes. New listings were down double digits in December. New construction sales remain a driving force in the Waxhaw area housing market.
Ballantyne Housing Market Update/Video Decemberr 2018. December home sales in the Ballantyne (28277 zip code) area of Charlotte, North Carolina saw a big shift from trends year-to-date and as compared to December 2017. Sales prices were down, days on market were up, inventory was up, as was the months supply of homes. It remains to be seen if this was a one-month phenomenon or the beginning of a market shift.
Whether you’re buying or selling a home, there are many good reasons why you should resolve to use a real estate professional in 2019 and not try to “go it alone.” This is a New Year resolution that should be easy to keep. Did you know that just 8% of people who make New Year’s resolutions succeed in keeping them? Or that 80% of New Year’s resolutions fail by February? If your 2019 resolution is to buy and/or sell a home, I can help you succeed in keeping your resolution to buy and or sell a home!
Charlotte area homeowners became more “equity rich” than ever in 2018. Part of this has to do with home value appreciation and part due to the fact that fewer home owners are tapping into their equity. Regardless of when you purchased your Charlotte home, more than likely you’re probably in a positive home equity position.