Matthews (28105 zip code) housing market remained a home seller’s market in November 2021, evidenced by low inventory and fewer days on market. Matthews homes are selling as quickly as they come on the market. Lack of inventory increased average and median home prices by double digits and decreased closed sales in November 2021.
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The Waxhaw area housing market remained a seller’s market in November 2021 with continued significant decreases in inventory and new construction. With 53.8% less inventory year-over-year and continued buyer demand, days on market were down to historically low levels, while home prices increased to historic highs. Both closed and pending sales were down due to the lack of inventory and new listings.
Ballantyne remained a home seller’s market in November 2021. Months supply of inventory was down 55.6% compared with November 2020 with just a 0.4 months supply of homes. Housing inventory was down 50% year-over-year, resulting in fewer days on market, higher home prices with sellers receiving a median 100.4% of list price in sale price. Ballantyne area’s inventory is at historic lows resulting in lower closed and pending sales.
Charlotte region luxury home sales in November 2021 saw continued demand for luxury homes with an increase in closed and pending sales and average sale price year-over-year. Average and median days on market were down significantly year-over-year. While new listings increased, inventory was down year-over-year and the months supply of homes was also down year-over-year and month-over-month. With just 1.5 months of inventory, the luxury segment of Charlotte’s housing market remained a seller’s market.
Tega Cay, South Carolina remained a home seller’s market in October 2021. Tega Cay’s housing market experienced significantly lower inventory levels and lower days on market in the month of October. Buyer demand for Tega Cay homes continued to outstrip supply of homes with no increase in new listings. Buyer demand and lack of supply of homes show no signs of easing up in Tega Cay.
Fort Mill’s housing market (29715 and 29708 zip codes) remained a home seller’s market in October 2021. Lower inventory and months supply of housing, fewer days on market, higher sale prices, higher list to sale price ratios all characterized the Fort Mill seller’s market in October. Inventory remains low and buyer demand has not abated.
Indian Land, South Carolina housing market unquestionably remained a seller’s market in October 2021. Home prices increased and homes sold quickly with average days on market significantly lower year-over-year and month-over-month. The months supply of homes was critically low at 0.8 months. Inventory dropped 57.1% year-over-year. All this put downward pressure on closed and pending sales in October 2021.
Indian Trail remained a home seller’s market in October 2021. Year-over-year, home prices increased significantly, while days on market decreased. Housing inventory remains at less than a one month’s supply of homes, despite an increase in new listings, albeit a small increase. Indian Trail homes sold as fast as they came on the market and both average and median home sale prices were up.
Matthews (28105 zip code) housing market remained a home seller’s market in October 2021, evidenced by low inventory and a decrease in new listings year-over-year. Matthews homes are selling as quickly as they come on the market. Lack of inventory increased average and median home prices by double digits and decreased closed sales in October 2021.
Charlotte Region real estate market in October 2021 saw home sales decrease 5.3% year-over-year and home prices increase 9.7% on average. Lack of inventory is limiting sales momentum with demand for homes outpacing supply of homes. Year-over-year, days on market dropped 34.6% in October 2021. The months supply of homes and overall inventory were also down year-over-year. All this kept the Charlotte region a home seller’s market in October 2021 with home affordability decreasing 12.9% year-to-date.