Waxhaw Real Estate Report: October 2022

Waxhaw Area/28173 Zip Code Home Sales Update October 2022

Waxhaw area real estate market showed some signs of cooling in October 2022, despite a substantial increase in home prices. A list to sale price ratio of 97.5% was the lowest Waxhaw has seen since November 2019. Waxhaw also saw a 10th 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 2 months in October and new listings were down.

Waxhaw Real Estate Report: September 2022

Waxhaw, Weddington, Marvin NC Home Sales Report September 2022

Waxhaw area real estate market showed signs of cooling in September 2022, despite an increase in home prices. A list to sale price ratio of 97.9% was the lowest Waxhaw has seen since November 2019. Waxhaw also saw a ninth 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 1.9 months in September and new listings were down.

Waxhaw Real Estate Report: August 2022

Waxhaw Area/28173 Zip Code Home Sales Report

Waxhaw area real estate market kept home sellers in the driver’s seat in August with average home sale prices increasing year-over-year and the median list to price sale ration holding at 100%. Median home prices in Weddington and Marvin again exceeded $1 million in August. At the same time, we saw an eighth 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 1.8 months in August and new listings were down.

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.