Waxhaw Real Estate Report: November 2022

Waxhaw, Weddington, Marving Home Sales Update November 2022

Waxhaw area real estate market showed signs of continued cooling in November, despite an increase in average home prices. Waxhaw also saw an 11th 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 November and new listings were down.