Buying a home is an exciting experience, but it can feel a bit overwhelming if you don’t have the right information. Check out these helpful resources about the home buying process. When you’re ready, give Nina Hollander a call at 704-779-0813 to tour available homes in the Mecklenburg and Union Counties.
Tega Cay real estate March 2023 saw higher home prices year-over-year and month-over-month. Housing inventory was up year-over-year and month-over-month. New listings unchanged year-over-year, but up month-over-month. Days on market increased to 41 days in March. List to sale price ratio was just under 100%. Sold properties down year-over-year and month-over-month.
Tega Cay real estate April 2023 saw higher home prices year-over-year. Housing inventory was up slightly year-over-year, down month-over-month. New listings were also down year-over-year and unchanged month-over-month. Days on market were 23 days in April. List to sale price ratio was just under 100%. Sold properties down year-over-year and month-over-month.
Charlotte real estate in April 2023 saw home sales decline 21.8% year-over-year, while home prices increased 2.6%, on average. Sales dropped for a 16th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 39 days, on average, down nine days from the previous month. New listings declined putting pressure on inventory. The months supply of homes, while increasing, remained low at 1.3 months, keeping Charlotte in “home seller territory.” Home affordability continues to suffer.
Charlotte real estate in March 2023 saw home sales decline 18.5% year-over-year, while home prices increased 3.1%, on average. Sales dropped for a 15th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 48 days, on average. The months supply of homes, while increasing, remained low at 1.3 months, keeping Charlotte in “home seller territory.” Home affordability continues to suffer.
Fort Mill real estate in April 2023 (29715 and 29708 zip codes) saw sales decline from March 2023 and April one year ago. New listings were down from one year ago and flat compared with one month ago. Housing inventory was also down month-over-month. Average days on market declined almost 21% from one month ago. Sale prices declined slightly, but the list to sale price ratio increased to just under 100% compared with March 2023.
Indian Land real estate April 2023 saw much lower days on market, down 50+% from March 2023. Sale prices up from one year ago, but down from one month ago. Sales were down compared with March 2023 and April 2022. List to sale price ratio was just under 100%, indicating very little opportunity for buyers to negotiate on price.
Indian Trail real estate in April 2023 saw a rebound with home sales increasing, home prices increasing, days on market declining, list to sale price ratio increasing to over 99%. New listings were down 44+% from one year ago, while inventory was at its lowest level since April 2022.
Matthews real estate market in April 2023 saw the average home price increase month-over-month. Average sale price decreased year-over-year, while median sale price increased both month-over-month and year-over-year. Days on market increased to their highest level in three years. Sales declined from March and compared with April 2022. Housing inventory was down from March, up slightly compared with April 2022. New listings were down.
Tips for first-time home buyers on a first-time home buyer budget. Buying a home on a first-time buyer budget can be tough—we get it. Prices are high, mortgage rates are up, and decent “starter homes” can be tough to find. But don’t give up on your dreams of homeownership! With a little creativity, it’s still possible to step on the property ladder and enjoy the personal and financial benefits of owning a home.
Waxhaw area real estate market in April 2023 saw closed sales increase month-over-month. Days on market decreased 15 days from the previous month. Median and average sale prices increased month-over-month and year-over-year. At 99.7% the list to sale price ratio held its own. Waxhaw area inventory was at its lowest level since May 2022.
