It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. Availability of new construction inventory was significantly down in December 2019. Resale inventory was also significantly down in December year-over-year, resulting in much higher home sale prices. Closed and pending sales were both up, days on market down.
Fort MIll’s housing market remained a seller’s market in December 2019 evidenced by decreasing inventory of homes, lower months supply of housing and significantly fewer new listings coming on the market. Closed and pending sales both were down due to lack of inventory. Buyer demand for homes in Fort Mill continues to outpace supply causing an increase in both average and median home prices compared with December 2018.
Indian Land, SC (29707 zip code) real estate report for December 2019. The Indian Land housing market remained a seller’s market with just 2.4 months supply of inventory overall and fewer homes listed for sale in the month of December 2019. Just as it’s been for months now, the Indian Land housing market in December was all about new construction with new construction inventory up 52.5% and new construction listings up 36.9%.
Charlotte region remained a seller’s market in December 2019 with inventory remaining extremely tight and the months supply of housing dropping 29.2% to just 1.7 months. Year-over-year home prices increased, days on market decreased, inventory decreased despite new listings increasing slightly. Housing affordability index continued to decrease, as well.
Indian Trail area (28079 zip code which includes the towns of Indian Trail, Stallings, Hemby Bridge) remained a seller’s market with less than 2 months supply of homes in December 2019. Additionally, housing inventory and days on market were both down., despite a small increase in new listings. Home prices were up significantly. Clearly, there’s no slowdown in the demand for Indian Trail homes.
Matthews (28105 zip code) real estate report for December 2019. Matthews remained a seller’s market in December 2019 with the months supply of inventory razor thin at 1.6 months (down 23.8% year-over-year). Inventory was down 14.2% despite an increase in new listings of 8.6% in December. Both pending and closed sales increased significantly in December. Days on market continued to decrease — down 2 days to 43 days year-over-year.
Ballantyne remained a seller’s market in December 2019. Both median and average home prices were up significantly, new listings and inventory were down significantly. Months supply of inventory was sharply down compared with December 2018 — down to 1.1 months. Closed sales were up, but pending sales decreased year-over-year, most likely due to low inventory.
If selling your Charlotte area home is one of your 2020 resolutions, we can help you keep that resolution and sell your home at top dollar. It’s a great time to sell in the Charlotte area with buyer demand outpacing supply of homes. Find out why your shouldn’t attempt to be a For Sale By Owner. Find out what your Charlotte area home is worth in today’s market.