waxhaw area real estate report may 2020

It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. COVID-19 restrictions in May impacted inventory, closed sales, new listings — all of which were down significantly in May. With less inventory, home sale prices increased, days on market decreased, and the percent of asking price that home sellers remained high. Pending sales increased slightly.