Ballantyne real estate market in February 2023 saw lower home prices year-over-year and month-over-month. Days on market were at their highest level in three years. Sales declined to their lowest level in three years. Housing inventory was at its lowest level since June 2022.
Ballantyne real estate market in January 2023 saw higher home prices and new listings down 23.8% year-over-year. Average days on market increased to 41 days. Sellers saw a lower list price to final sale price at 97.4%. Closed and pending sales were down. Inventory down month-over-month, but up year-over-year.
Ballantyne real estate market in December 2022 saw higher home prices and new listings down 58.4% year-over-year. Months supply of inventory was under one month at 0.8 months, which is extremely low. Days on market increased. Sellers saw a lower median list price to final sale price at 96.4%. Closed and pending sales were down. The “feeding frenzy” of 2021 and first half of 2022 is over in the Ballantyne area.
Ballantyne real estate market in November 2022 saw higher home prices and new listings down 44.4% year-over-year. Days on market increased to about one month. Sellers saw a lower median list price to final sale price at 96.2%. Closed and pending sales were down. The “feeding frenzy” of 2021 and first half of 2022 has come to an end in the Ballantyne area.
Ballantyne real estate market in October 2022 saw much higher home prices and new listings down 41.2% year-over-year. Median days on market remained relatively low at 10 days. Sellers saw a lower median list price to final sale price at 98.9%. Closed and pending sales were down. The “feeding frenzy” of 2021 and first half of 2022 appears to have come to an end in Ballantyne.
Ballantyne real estate market in September 2022 saw higher home prices and new listings down. Homes continued to sell relatively quickly. Sellers saw a lower median list price to final sale price at 99.4%. Closed and pending sales were down. The “feeding frenzy” of 2021 and first half of 2022 appears to have come to an end in Ballantyne.
Ballantyne real estate market continued to favor home sellers in August 2022 with higher home prices and new listings down. Homes continued to sell quickly. Sellers saw median 100% of list price in final sale price. Closed and pending sales were down, however, due at least in part to buyers pulling back in the face of interest rate increases. The “feeding frenzy” of summer 2021 seems to have come to an end in Ballantyne.
Ballantyne real estate market continued to favor home sellers in July 2022 with higher home prices and months supply of inventory at just over one month. Homes continued to sell quickly. Sellers saw 101.5% of list price in final sale price. Closed and pending sales were down, however, most likely due to buyers pulling back in the face of interest rate increases. The “feeding frenzy” of summer 2021 seems to have come to an end in Ballantyne.
Ballantyne real estate market favored home sellers in June 2022 with higher home prices and housing inventory still low at under one month. Homes continued to sell quickly. Sellers saw 103.6% of list price in final sale price. Closed and pending sales were down, however, most likely due to buyers pulling back in the face of interest rate increases.
Ballantyne remained a home seller’s market in May 2022. Months supply of inventory was down 42.9% compared with May 2021 with just a 0.4 months supply of homes. Housing inventory was down 47.9% year-over-year, resulting in much higher home prices, and sellers receiving a median 105.3% of list price in sale price. Ballantyne area’s inventory is at historic lows, resulting in lower closed and pending sales.
