southwest charlotte real estate

Southwest Charlotte/Steele Creek Housing Update: May 2019

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Southwest Charlotte/Steele Creek housing update for May 2019. Charlotte, North Carolina’s Southwest/Steele Creek areas (28273 and 28278 zip codes) remain fundamentally seller markets with tight inventory and homes selling at higher prices. The Steele Creek area (28273) had less than one month of inventory in May. Both areas saw a significant decrease in new listings. Tight inventory contributed to lower closed sales. Minimal room for buyers to negotiate with 28273 zip code sellers receiving 99.5% of list price and 28278 zip code sellers receiving 98.5% of list price.

Southwest Charlotte/Steele Creek Housing Update: April 2019

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Southwest Charlotte/Steele Creek housing update for April 2019. Charlotte, North Carolina’s Southwest/Steele Creek areas (28273 and 28278 zip codes) remain fundamentally seller markets with tight inventory and homes selling at higher prices. The Steele Creek area (28273) had just 1.4 months of inventory in April. Fortunately, both areas had an increase in new listings in April. But little room for buyers to negotiate with 28273 zip code sellers receiving 100% of their ask price and 28278 zip code sellers receiving 98.5%.

Southwest Charlotte/Steele Creek Housing Update: March 2019

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Southwest Charlotte/Steele Creek housing update for March 2019. Charlotte, North Carolina’s Southwest/Steele Creek area (28273 and 28278 zip codes) remain fundamentally seller markets with tight inventory, new listings decreasing, and homes selling at a higher price per square foot. The Steele Creek area (28273) had less than one month of inventory in March (down 29.8% year-over-year) and saw a decrease in new listings of 34% year-over-year. Clearly, this impacts closed and pending sales negatively.

Southwest Charlotte/Steele Creek Housing Update: February 2019

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Southwest Charlotte/Steele Creek housing update for February 2019. Charlotte, North Carolina’s Southwest/Steele Creek area (28273 and 28278 zip codes) remain fundamentally seller markets with home prices and closed sales increasing and inventory decreasing. The Steele Creek area (28273) saw some significant decreases in pending sales in February due to a 44.9% increase year-over-year in home sale prices.

Southwest Charlotte/Steele Creek Housing Update: January 2019

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Southwest Charlotte/Steele Creek housing update for January 2019. Charlotte, North Carolina’s southwest/Steele Creek area (28273 and 28278 zip codes) continued trends we’ve seen all year. Home prices increased in January 2019 (both by double digits). In spite of an increase in new listings, inventory remained low, especially in affordable homes, and particularly in the 28273 zip code, which had less than a one month supply of homes for sale. Homes continue to sell quickly, as well.

Southwest Charlotte/Steele Creek Housing Update: December 2018

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Southwest Charlotte/Steele Creek housing update for December 2018 . Charlotte, North Carolina’s southwest/Steele Creek area (28273 and 28278 zip codes) continued trends we’ve seen all year. Home prices increased in December with median sale prices increasing by double digits. Inventory remained low, especially in affordable homes, and particularly in the 28273 zip code, which had just one month’s supply of homes for sale.

SW Charlotte/Steele Creek Housing Update: November 2018

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SW Charlotte/Steele Creek housing update for November 2018 . Charlotte, North Carolina’s southwest/Steele Creek area (28273 and 28278 zip codes) continued trends we’ve seen all year. Home prices increased in November. Inventory remained low, especially in affordable homes, and particularly in the 28273 zip code, which had just over one month’s supply of homes for sale.