Southwest Charlotte/Steele Creek housing update for April 2019. Charlotte, North Carolina’s Southwest/Steele Creek areas (28273 and 28278 zip codes) remain fundamentally seller markets with tight inventory and homes selling at higher prices. The Steele Creek area (28273) had just 1.4 months of inventory in April. Fortunately, both areas had an increase in new listings in April. But little room for buyers to negotiate with 28273 zip code sellers receiving 100% of their ask price and 28278 zip code sellers receiving 98.5%.
How did the Fort Mill and Tega Cay housing markets do in April 2019? Both the Fort Mill and Tega Cay, SC housing markets remained seller markets in April 2019, characterized by decreasing inventory and months supply of housing compared with April 2018. Average home prices and pending sales increased year-over-year in both Fort Mill and in Tega Cay. While new listings were up in April in Fort Mill, they were down in Tega Cay.
Indian Land, SC housing market (29707 zip code) update for April 2019. The Indian Land housing market remains a seller’s market with just 2.9 months supply of inventory overall, but with only 2.2 months supply of resale homes. Both the average and median sale price of Indian Land homes increased in April 2019. New construction homes sold at about $9,000 more on average than resale homes. Resale home inventory dropped by 20.3% in April, clearly impacting both closed and pending sales which were flat and up 0.9% respectively. With home sellers getting 98.1% of selling price, not much room for buyers to negotiate.
Waxhaw Housing Market Update for April 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory and a continued decrease in new listings year-over-year, impacting closed sales negatively. On the positive side, pending sales improved by double digits compared with the same time period one year ago.
Indian Trail Housing Market Update/Video April 2019. Indian Trail, NC (28079 zip code) area includes the towns of Stallings, Hemby Bridge, and Lake Park in Union County. The Indian Trail area saw an increase in both average and median home prices year-over-year. Prices continue to increase because the months supply of homes for sale remains low at just 2.1 months; inventory decreased, as did new listings. Both closed and pending sales increased in April. Indian Trail remains a seller’s market.
April 2019 Charlotte region housing update + video. Charlotte region remained a seller’s market in April 2019 with inventory remaining extremely tight and lower than one year ago, resulting in higher home list and sale prices due to continued high buyer demand. Closed sales were up slightly, but pending sales were up 11.1% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.2 months and even lower for homes priced under $200,000.
Matthews housing report/video for April 2019. Home prices in Matthews, NC continued to increase in April 2019 with average home sale prices up 14.9% compared with April 2018. Both average and median home prices were up in April despite an increase in the days on market. Closed sales increased almost 45%, no doubt as a result of an increase of 45.8% in pending sales in March. New listings were down in April 2019.. Virtually no negotiating room for buyers on Matthews homes with sellers receiving 98.8% of asking price.
Ballantyne Housing Market Update/Video: April 2019. Average and median Ballantyne home sale prices saw a slight decrease in April. Despite an increase in days on market, homes are still selling in under two months on average. Pending sales were up 18.1% in April. The months supply of homes at 1.9 months and an 8.8% drop in new listings keeps the Ballantyne/28277 zip code housing market a seller’s market.
Waxhaw Housing Market Update for March 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory coupled with a double digit decrease in new listings year-over-year, impacting sales negatively. On the positive side, pending sales improved by double digits compared with the same time period one year ago. Days on market, both average (also down by double digits) and median, were lower compared with March 2018.