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4th quarter 2018 Charlotte, North Carolina region’s home sales continued the trends we’ve seen since 2015. Home buyers are finding the housing market very competitive with higher home prices and a lack of properties to buy. Buyers looking for a bargain are “hard pressed” to find one. Meantime, home sellers continue to sell their homes relatively quickly and for top dollar, when priced right for condition and location. With regional months supply of homes at 2.2 months, the Charlotte region remains very much a seller’s market.
December 2018 Charlotte region housing update. Charlotte region remained a seller’s market in December 2018 with inventory remaining tight, resulting in higher home list and sale prices due to continued high buyer demand, although the price increases are not quite as high as in previous months and last year.
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.