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.