Tega Cay real estate September 2022 kept home sellers in the driver’s seat. Tega Cay’s housing market saw higher home prices, lower inventory, and fewer new listings. At 0.9 months of housing inventory Tega Cay remained a seller’s market. Pending and closed sales were down. Meantime, days on market reached almost two-year highs, signaling a market shift to a slower pace of sales.
Indian Land real estate September 2022 saw new average and median sale price records for homes. Months supply of homes remained low at 1.5 months, while overall inventory increased. New listings decreased 6.6%, despite a 104.3% increase in new construction inventory and a 25.5% increase in resale home inventory, year-over-year. Closed and pending home sales both decreased in the month of September in Indian Land, South Carolina. Days on market also decreased in September year-over-year.
Indian Trail real estate saw a cooling in September 2022 with sales down, inventory substantially up, days on market up. The median list to sale ratio dropped below 100% in September for a second consecutive month, showing a small window of opportunity for Indian Trail home buyers to negotiate. Nonetheless, home prices increased year-over-year and new listings were down.
Waxhaw area real estate market showed signs of cooling in September 2022, despite an increase in home prices. A list to sale price ratio of 97.9% was the lowest Waxhaw has seen since November 2019. Waxhaw also saw a ninth consecutive month of lower closed sales indicating buyers are taking a step back, due to a combination of higher home prices and interest rates. Nonetheless, the months supply of inventory remained in seller “territory” at 1.9 months in September and new listings were down.
Ballantyne real estate market in September 2022 saw higher home prices and new listings down. Homes continued to sell relatively quickly. Sellers saw a lower median list price to final sale price at 99.4%. Closed and pending sales were down. The “feeding frenzy” of 2021 and first half of 2022 appears to have come to an end in Ballantyne.
Charlotte luxury homes market in September 2022 saw solid demand for luxury homes with both pending and closed sales up year-over-year, as were average and median sale prices. Despite an increase in inventory and new listings, sellers continued to see a list to sale price ratio of 100%. Month-over-month, pending sales were down, while closed sales were flat. Months supply of homes were at their lowest level in four months. Average and median days on market were up by three days year-over-year.
Why do homeowners sell their homes today? Top reasons homeowners are selling today as often as not include a desire or need for features, more space, location, or amenities their current homes just can’t provide. These homeowners are willing to forgo a low interest rate on their current homes to get more of the lifestyle they want. Find out why it makes sense to sell your home this year.
Home Buying and Selling Guides for Fall 2022 have arrived. Do you have questions about home prices, mortgage rates, or inflation in today’s housing market? Are you wondering how it impacts you when you buy or sell? Are you wondering if it’s a good time to buy or sell a home? If you’ve been thinking about buying or selling a Greater Charlotte area home in Fall 2022, let’s connect to give you access to current market insights and the ability to make a confident decision for your family.