Ballantyne remained a seller’s market in May 2020. Months supply of inventory was sharply down (47.8%) compared with May 2019 to 1.2 months. Housing inventory was down 47.1% year-over-year, resulting in much lower days on market and higher home prices. COVID-19 restrictions contributed to lack of inventory and lower closed and pending sales in May.
Ballantyne remained a seller’s market in April 2020. Months supply of inventory was sharply down (by 42.9%) compared with April 2019 to 1.2 months. Housing inventory was down 41.4% year-over-year, resulting in much lower days on market and higher home prices. COVID-19 restrictions contributed to lack of inventory and lower closed and pending sales in April.
Ballantyne remained a seller’s market in March 2020. Months supply of inventory was sharply down (by 50%) compared with March 2019 to 1.1 months. Housing inventory was down 46.1% year-over-year, resulting in lower days on market and higher home prices. While closed sales increased, pending sales decreased, no doubt at least partially due to the lack of inventory.
Ballantyne remained a seller’s market in February 2020. Months supply of inventory was sharply down compared with February 2019 — down to under one month. Housing inventory was down 55.5% year-over-year, resulting in lower days on market. While pending sales increased, closed sales decreased, no doubt due to the lack of inventory.
Ballantyne remained a seller’s market in January 2020. 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 January 2019 — down to just 1 month. Closed and pending sales both increased in the first month of the 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.
Ballantyne remained a seller’s market in November 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 November 2018 — down by 1.2 months. Closed sales were down due to lack of inventory. Pending sales increased year-over-year.
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.
Latest news on the Ballantyne real estate market and what it means for you. Average Ballantyne home sale prices increased 4.2% in September 2019 compared with the same month one year ago. This was the fourth 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 10 days compared with one year ago. Closed sales increased 25.2%, while pending sales were up 24% in September year-over-year. The months supply of homes remained low at 1.8 months and a 26.9% drop in housing inventory kept Charlotte’s Ballantyne area/28277 zip code housing market a seller’s market.
Latest news on the Ballantyne real estate market and what it means for you: housing market snapshot for August 2019. Average Ballantyne home sale prices increased 10.3% in August 2019 compared with the same month one year ago. This was the third month in a row we saw a significant increase in home sale prices. Ballantyne homes continue to sell quickly with Median Days on Market 11 days, down 2 days compared with one year ago. Closed sales increased 21.8%, while pending sales were up 26.5% in August year-over-year. The months supply of homes remained low at 1.9 months and a 23% drop in housing inventory kept Charlotte’s Ballantyne area/28277 zip code housing market a seller’s market.
