Waxhaw Real Estate Report: July 2022

Waxhaw Area/28173 Zip Code Home Sales Update For July 2022

Waxhaw area real estate market kept home sellers in the driver’s seat in July with average home sale prices setting a new record high. Median home prices in Weddington and Marvin exceeded $1 million in July. At the same time, we saw a seventh consecutive month of lower closed sales indicating buyers are taking a step back, due to a combination of higher home prices and interest rates. Nonetheless, the months supply of inventory remained in seller “territory” at 1.6 months in July.

Waxhaw Real Estate Report: June 2022

Waxhaw, Weddington, Marvin home sales update for June 2022

Waxhaw area real estate market kept home sellers in the driver’s seat in June with home sale prices reaching new highs and days on market at new lows. At the same time, we saw a sixth consecutive month of lower closed sales indicating that since interest rates have risen buyers are taking a step back. Despite this and an increase in new listings, the months supply of inventory remained in seller “territory” at 1.3 months in June.

Waxhaw Real Estate Report: May 2022

Waxhaw Weddington Marvin Home Sales Snapshot May 2022

Waxhaw area housing market remained a home seller’s market in May 2022 with continuing decreases in inventory and new construction. With 30.4% less inventory year-over-year and no decrease in buyer demand, days on market were down, while average home prices rose 29.3%. Both closed and pending sales were down due to the lack of inventory and new listings.

Waxhaw Real Estate Report: April 2022

Waxhaw, Weddington, Marvin Home Sales Update April 2022

The Waxhaw area housing market remained a home seller’s market in April 2022 with continued significant decreases in inventory and new construction. With 47.6% less inventory year-over-year and no decrease in buyer demand, days on market were down, while average home prices rose 36.7%. Both closed and pending sales were down due to the lack of inventory and new listings.

Waxhaw Real Estate Report: March 2022

Home Sales Report For Waxhaw/28173 Zip Code: March 2022

The Waxhaw area housing market remained a home seller’s market in March 2022 with continued significant decreases in inventory and new construction. With 53.4% less inventory year-over-year and continued buyer demand, days on market were down, while average home prices rose 25.5%. Both closed and pending sales were down due to the lack of inventory and new listings.

Waxhaw Real Estate Report: February 2022

Waxhaw/28173 Zip Code Housing Market Report February 2022

The Waxhaw area housing market remained a home seller’s market in February 2022 with continued significant decreases in inventory and new construction. With 57% less inventory year-over-year and continued buyer demand, days on market were down dramatically, while average home prices rose almost 50%. Both closed and pending sales were down due to the lack of inventory and new listings.

Waxhaw Real Estate Report: January 2022

Waxhaw, Weddington, Marvin NC Home Sales Report January 2022

The Waxhaw area housing market remained a home seller’s market in January 2022 with continued significant decreases in inventory and new construction. With 58.6% less inventory year-over-year and continued buyer demand, days on market were down dramatically, while home prices rose dramatically. Both closed and pending sales were down due to the lack of inventory and new listings.

Waxhaw Real Estate Report: December 2021

Waxhaw, Weddington, Marvin NC Real Estate Report For December 2021

The Waxhaw area housing market remained a home seller’s market in December 2021 with continued significant decreases in inventory and new construction. With 56.1% less inventory year-over-year and continued buyer demand, days on market were down to historically low levels, while home prices increased to historic highs. Both closed and pending sales were down due to the lack of inventory and new listings.

Waxhaw Real Estate Report: November 2021

Waxhaw, Marvin, Weddington Home Sales Report November 2021

The Waxhaw area housing market remained a seller’s market in November 2021 with continued significant decreases in inventory and new construction. With 53.8% less inventory year-over-year and continued buyer demand, days on market were down to historically low levels, while home prices increased to historic highs. Both closed and pending sales were down due to the lack of inventory and new listings.

Waxhaw Real Estate Report: October 2021

Waxhaw, Weddington, Marvin NC Housing Market Report October 2021

The Waxhaw area housing market remained a seller’s market in October 2021 with continued significant decreases in inventory. With 55.8% less inventory year-over-year and continued buyer demand, days on market were down, while home prices increased. Both closed and pending sales were down due to the lack of inventory and new listings.