Waxhaw area real estate market in February 2023 saw a 14th consecutive month of lower closed sales, indicating buyers are taking a step back, due to a combination of higher home prices, higher interest rates, and economic uncertainty. Days on market increased. Median and average sale prices increased year-over-year and month-over-month. New listings were at their lowest level in three years with the exception of December 2022.
Ballantyne real estate market in February 2023 saw lower home prices year-over-year and month-over-month. Days on market were at their highest level in three years. Sales declined to their lowest level in three years. Housing inventory was at its lowest level since June 2022.
Luxury homes market in Charlotte region saw closed and pending sales decrease significantly. At the same time, home prices increased year-over-year and month-over-month. Average days on market also increased, as did inventory. New listings decreased 74.1% year-over-year.
Charlotte real estate in January 2023 saw home sales drop 37.9% year-over-year, while home prices increased 6.2%, on average. Sales dropped for a 13th consecutive month due to higher home prices, increasing interest rates, and fewer new listings. Homes sold in 46 days, on average. The months supply of homes, while increasing, remained below two months at 1.5 months, keeping Charlotte in “home seller territory.” Home affordability continues to suffer.
Tega Cay real estate January 2023 saw higher home prices year-over-year. Inventory down slightly; new listings also down year-over-year. Days on market up substantially. Sold properties down year-over-year and month-over-month.
Fort Mill real estate in January 2023 (29715 and 29708 zip codes) saw higher average and median home prices year-over-year and month-over month. Sales were down to the lowest level seen in three years. New listings up 50% since December 2022, but down year-over-year. Fewer properties for sale compared with December 2022, but up compared with January one year ago. Average days on market up 30 days year-over-year.
Indian Land real estate January 2023 saw higher home prices year-over-year, as well as higher days on market. Inventory increased, while new listings decreased 45.6% year-over-year. January 2023 saw the lowest number of sales in Indian Land since in three years.
Indian Trail real estate saw a continued cooling trend in January 2023 with much higher days on market and fewer sales. At the same time, home prices increased and new listings decreased. With a 3.7% decrease in the list to sale price ratio year-over-year to 98.5%, Indian Trail home buyers are seeing an opportunity to negotiate on price.
Matthews real estate market in January 2023 saw a cooling in the market with lower list to sale price ratios, longer days on market, fewer sales. Home prices were down month-over-month. Average sale prices down year-over-year, while median sale prices up year-over-year.
Waxhaw area real estate market in January 2023 saw a 13th consecutive month of lower closed sales, indicating buyers are taking a step back, due to a combination of higher home prices, higher interest rates, and economic uncertainty. Days on market also increased. Median and average sale prices were down year-over-year and month-over-month. New listings were at their lowest level in three years with the exception of December 2022.
