Ballantyne remained a seller’s market in October 2019. Both median and average home prices were up, days on market were down, new listings and inventory were also down. Months supply of inventory was sharply down compared with October 2018 — down 1.2 months.
Ballantyne Real Estate Report & Housing Market Snapshot: October 2019
Latest news on the Ballantyne real estate market and what it means for you…
Average Ballantyne home sale prices increased 6.3% in October 2019 compared with the same month one year ago. Home sellers received 97.7% of list price in final sale price. October was the fifth consecutive month we saw an increase in home sale prices.
Ballantyne homes continue to sell quickly with Median Days on Market just 14 days, down 7 days compared with one year ago. Average Days on Market were down by one day compared with one year ago at 35 days. Average Price Per Square Foot increased by $4/square foot to $151 in October 2019 compared with one year ago.
Closed sales increased 11%, while pending sales were up 26.8% in October year-over-year in the Ballantyne area.
Ballantyne’s months supply of homes remained low at 1.6 months (down from 2.8 months one year ago and 1.8 months in September 2019). This coupled with a 38.4% drop in housing inventory and a drop of 26.1% in new listings in October kept Charlotte’s Ballantyne area/28277 zip code housing market a seller’s market.
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Ballantyne Housing Market Performance: October 2019 Versus October 2018
Median Home Price Trends In Ballantyne
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Previous Ballantyne Housing Market Updates
Whether You’re Buying Or Selling A Ballantyne Home…
… The Right Broker Makes All The Difference!
This Charlotte, North Carolina real estate monthly update for Ballantyne is brought to you by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Ballantyne area specialists and neighbors and Charlotte metro area residential real estate experts. We’ve been opening doors for Ballantyne area home buyers and sellers for 20+ years and have been your Ballantyne neighbors since 2001.
If you’re considering selling or purchasing a home in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you how:
- Ballantyne Real Estate Report & Housing Market Snapshot: October 2019
- Ballantyne Housing Market Performance: October 2019 Versus October 2018
- Median Home Price Trends In Ballantyne
- Find Your Ballantyne Dream Home
- What Is Your Ballantyne Home Worth?
- Previous Ballantyne Housing Market Updates
- Whether You're Buying Or Selling A Ballantyne Home...