Waxhaw Real Estate 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.