Waxhaw Real Estate Report: June 2020

Waxhaw/ (28173 zip code) housing market snapshot june 2020

The pandemic continued to impact the Waxhaw area housing market in June 2020 with continued decreases in inventory. With less inventory, home sale prices increased, days on market and months supply of inventory decreased, while the percent of asking price that home sellers realized increased. All of this kept the Waxhaw area a home sellers’ market.

Waxhaw Area Real Estate Report: May 2020

It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. COVID-19 restrictions in May impacted inventory, closed sales, new listings — all of which were down significantly in May. With less inventory, home sale prices increased, days on market decreased, and the percent of asking price that home sellers remained high. Pending sales increased slightly.

Waxhaw Area Real Estate Report: April 2020

Waxhaw Area (28173 Zip Code) Housing Market Report April 2020

It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. COVID-19 restrictions in April impacted inventory, closed and pending sales, new listings, home showings — all of which were down significantly in April. With less inventory, home sale prices increased, days on market decreased, and the percent of asking price that home sellers realized increased.

Waxhaw Area Real Estate Report: March 2020

Waxhaw Area Housing Market Update March 2020

It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. New construction inventory was significantly down (35%) in March 2020. Resale inventory was also significantly down (22.5%) in March year-over-year. Both average and median home sale prices decreased in February year-over-year, as did closed and pending sales. Days on market were sharply down.

Waxhaw Area Real Estate Report: February 2020

Waxhaw Housing Market Update February 2020

It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. New construction inventory was significantly down (47.7%) in February 2020. Resale inventory was also significantly down (almost 32.7%) in February year-over-year to just 1.6 months. Both average and median home sale prices increased in February year-over-year, as did closed and pending sales.

Waxhaw Area Real Estate Report: January 2020

Waxhaw Housing Market Update January 2020

It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. New construction inventory was significantly down (almost 54%) in January 2020. Resale inventory was also significantly down (almost 28%) in January year-over-year. The months supply of homes was down to 2.8 months and average days on market were down by 9 days. Lack of inventory impacted closed sales negatively in the first month of the new year.

Waxhaw Area Real Estate Report: December 2019

Waxhaw Area Housing Market Highlights December 2019

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.

Waxhaw Area Real Estate Report: November 2019

It’s still tight inventory in the Waxhaw area, which encompasses the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. Availability of new construction inventory was significantly down in November 2019. Resale inventory was also significantly down in November year-over-year, resulting in lower closed homes and home sale prices. Pending sales, however, were up slightly.

Waxhaw Area Real Estate Report: October 2019

Waxhaw Area Housing Snapshot October 2019

It’s still tight inventory and rising home prices in the Waxhaw area, which encompasses the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. Availability of new construction inventory was significantly down in October 2019. Resale inventory was also significantly down in October year-over-year, resulting in slightly lower closed homes and home sale prices.