What Happened In Waxhaw’s (28173 Zip Code) Housing Market In March 2019?

Waxhaw Area Housing Market March 2019

Waxhaw Housing Market Update for March 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory coupled with a double digit decrease in new listings year-over-year, impacting sales negatively. On the positive side, pending sales improved by double digits compared with the same time period one year ago. Days on market, both average (also down by double digits) and median, were lower compared with March 2018.

Matthews (28105 Zip Code) Housing Report/Video: March 2019

Matthews, NC ousing Market Update March 2019

Matthews housing report/video for March 2019. Home prices in Matthews, NC continued to increase in March 2019 with average home sale prices up 14.5% compared with March 2018. Homes were selling faster with average and median days on market decreasing compared with one year ago. February’s increase in new listings no doubt contributed to an increase of 45.8% in pending sales. New listings and inventory were down in March 2019. Virtually no negotiating room for buyers on Matthews homes with sellers receiving 99.4% of asking price.

Ballantyne (28277 Zip Code) Housing Market Update & Video: March 2019

Ballantyne Housing Report March 2019

Ballantyne Housing Market Update/Video: March 2019. Average and median Ballantyne home sale prices saw an increase in March, at 4.3% and 4.6%, respectively. Despite an increase in days on market, homes are still selling in under two months on average. The months supply of homes at 2 months and an 11.8% drop in new listings keeps the Ballantyne/28277 zip code housing market a seller’s market.

Waxhaw (28173 Zip Code) Housing Market Update & Video: February 2019

Waxhaw Area Housing Report February 2019

Waxhaw Housing Market Update for February 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory and no increases in new listings impacting sales negatively. The months supply of homes in February decreased by almost a full month since January 2019. While closed sales were down 20% overall, closed sales of resale homes were down only 2%. Days on market continue to decrease in 2019. New construction homes continue to carry a big premium over resale homes, selling at about $77,000 more per home on average.

Matthews (28105 Zip Code) Housing Market Update & Video: February 2019

Matthews Housing Market February 2019

Matthews housing market update/video for February 2019. February home sales increased significantly in Matthews in February 2019 with double digit increases in both pending (+26.2%) and closed sales (+24.3%) compared with one year ago. A huge increase in new listings of 54.2% increasing inventory by 10.1% no doubt contributed to the increases in pending and closed sales. Despite the increase in new listings and inventory, the months supply of homes was still low in Matthews in February at 2.1 months, keeping the 28105 zip code a seller’s market.

Ballantyne (28277 Zip Code) Housing Market Update & Video: February 2019

Ballantyne Housing Report Feb 2019

Ballantyne Housing Market Update/Video: February 2019. Average and median Ballantyne home sale prices saw a significant increase in February, both up by double digits. Despite an increase in days on market, homes are still selling within two months on average. The months supply of homes at 1.9 months and a 21.1% drop in new listings keeps the Ballantyne/28277 zip code housing market a seller’s market.

Matthews (28105 Zip Code) Housing Market Update & Video: January 2019

Matthews NC Housing Market Update

Matthews Housing Market Update/Video for January 2019. January home sales in Matthews, North Carolina saw continued, significant home sale prices increases compared with the same month one year ago. Market inventory remained tight despite a slight increase and the months supply of homes at 2 months indicated a continuing seller’s market. Closed sales were down, but pending sales, as well as new listings, were both up. Lack of affordable inventory can be considered a contributing factor for the drop in closed sales despite a large increase in new listings.

Waxhaw (28173 Zip Code) Housing Market Update & Video: January 2019

Waxhaw, NC area home sales January 2019

Waxhaw Housing Market Update for January 2019. Home sales in the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) saw a change in the trends of 2018 with both home prices and price per square foot decreasing in January 2019, while new listings increased by 50.8% after decreasing by double digits in December 201 . Nonetheless, housing Inventory remains low, especially in affordable homes. With pending sales increasing by 21.6% in January 2019, it remains to be seen if this is the start of a new trend or a “winter respite.”

Ballantyne (28277 Zip Code) Housing Market Update & Video: January 2019

Ballantyne Housing Report January 2019

Ballantyne Housing Market Update/Video: January 2019. January home sales in the Ballantyne (28277 zip code) area of Charlotte, North Carolina saw a second month of a shift from trends we had been seeing throughout most of 2018. Sales prices were down, days on market were up, inventory was up, closed sales were down. It remains to be seen if this is the beginning of a market shift or simply a winter slowdown.

Matthews (28105 Zip Code) Housing Market Update & Video: December 2018

Matthews Housing Market Update/Video for December 2018. December home sales in Matthews, North Carolina saw continued home sale prices increases. Market inventory remained tight and months supply of homes at 1.9 months indicated a continuing seller’s market. Closed and pending sales, as well as new listings, were all down by double digits in December. Lack of affordable inventory can be considered a contributing factor for this situation, as well as the holiday season slowdown.