Waxhaw Area Real Estate Report: January 2020

Waxhaw Housing Market Update January 2020

It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. New construction inventory was significantly down (almost 54%) in January 2020. Resale inventory was also significantly down (almost 28%) in January year-over-year. The months supply of homes was down to 2.8 months and average days on market were down by 9 days. Lack of inventory impacted closed sales negatively in the first month of the new year.

Waxhaw Area Real Estate Report: December 2019

Waxhaw Area Housing Market Highlights December 2019

It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. Availability of new construction inventory was significantly down in December 2019. Resale inventory was also significantly down in December year-over-year, resulting in much higher home sale prices. Closed and pending sales were both up, days on market down.

Waxhaw Area Real Estate Report: November 2019

It’s still tight inventory in the Waxhaw area, which encompasses the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. Availability of new construction inventory was significantly down in November 2019. Resale inventory was also significantly down in November year-over-year, resulting in lower closed homes and home sale prices. Pending sales, however, were up slightly.

Waxhaw Area Real Estate Report: October 2019

Waxhaw Area Housing Snapshot October 2019

It’s still tight inventory and rising home prices in the Waxhaw area, which encompasses the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. Availability of new construction inventory was significantly down in October 2019. Resale inventory was also significantly down in October year-over-year, resulting in slightly lower closed homes and home sale prices.

Waxhaw (28173 Zip Code) Real Estate Report: September 2019

Waxhaw Housing Market Snapshot September 2019

Waxhaw (28173 zip code) real estate report/snapshot: September 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 21.9% year-over-year) despite an increase (+16.4%) in new listings year-over-year. With continued tight inventory and decreasing days on market, Waxhaw homes are selling quickly and the area remains a seller’s market. Lack of inventory has driven up average home prices — +5.1% year-over-year, while median home sale prices increased 5.7% year-over-year. The months supply of homes dropped 25% in September versus the same month last year and resale home inventory is low at 2.4 months.

Waxhaw (28173 Zip Code) Real Estate Report: August 2019

Waxhaw Area Housing Market Snapshot August 2019

Waxhaw (28173 zip code) real estate report/snapshot: August 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 24.7% year-over-year) and a continued decrease (down 12.6%) in new listings year-over-year. With continued tight inventory and fewer new listings, Waxhaw area remains a seller’s market. Lack of inventory has driven up home prices — 4.4% for resale home year-over-year, while median home sale prices increased 10.6% year-over-year. The months supply of homes dropped 25% in August versus the same month last year and resale home inventory is low at 2.5 months.

Waxhaw (28173 Zip Code) Real Estate Report: July 2019

Waxhaw Housing Market Snapshot July 2019

Waxhaw (28173 zip code) real estate report/snapshot: July 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 24.5% year-over-year) and a continued decrease (down 3%) in new listings year-over-year. With continued tight inventory and fewer new listings, Waxhaw area remains a seller’s market. Lack of inventory has driven up home prices — 8.1% for resale home year-over-year. July 2019 saw both closed and pending sales up.

What Happened In Waxhaw’s (28173 Zip Code) Housing Market In June 2019?

Waxhaw Housing Snapshot June 2019

Waxhaw housing market update and video for June 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 26.1% year-over-year) and a continued decrease (down 9.3%) in new listings year-over-year. With continued tight inventory and fewer new listings, Waxhaw area remains a seller’s market. Lack of inventory is putting a strain on closed sales.

What Happened In Waxhaw’s (28173 Zip Code) Housing Market In May 2019?

Waxhaw Area Housing Market Snapshot May 2019

Waxhaw housing market update and video for May 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 24.7% year-over-year) and a continued decrease (down 10.6%) in new listings year-over-year. With continued tight inventory, fewer new listings, lower days on market, Waxhaw area remains a seller’s market. Both closed and pending sales increased in May 2019 compared with May 2018.

What Happened In Waxhaw’s (28173 Zip Code) Housing Market In April 2019?

Waxhaw Area Housing Market Report April 2019

Waxhaw Housing Market Update for April 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory and a continued decrease in new listings year-over-year, impacting closed sales negatively. On the positive side, pending sales improved by double digits compared with the same time period one year ago.