waxhaw area real estate report 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.