Ballantyne Housing Market Update/Video: June 2019. Average Ballantyne home sale prices increased significantly in June 2019 compared with the same month one year ago and the prior month of May 2019. Ballantyne homes, on average, sold in under one month. Pending sales were up 27.6% in June. The months supply of homes remained low at 2.1 months and a 14.2% drop in housing inventory kept the Ballantyne area/28277 zip code housing market a seller’s market.
Video Update For The Ballantyne Housing Market: June 2019
Ballantyne Area In South Charlotte A Seller’s Market in June 2019
Average sale price of Ballantyne area homes increased 10.1% in June 2019 to $426,510 year-over-year (almost $50,000 higher, on average, versus the prior month of May 2019).
Median sale price in June 2019 increased 10.9% versus one year ago to $379,950 (a $57,000+ increase versus the prior month of May 2019).
Average days on market for property listings in Ballantyne were 27 days in June 2019 (down 18.2% compared with one year ago and down 19 days versus the most recent month of May).
Median days on market stood at 12 days in June 2019, up 2 days compared with one year ago but down 4 days compared with the most recent month of May.
Average price per square foot was $155/square foot in June 2019, up $4/square foot compared with the same period in 2018.
Pending salesin Ballantyne increased 27.6% in June 2019 versus the same month last year.
Closed sales in Ballantyne decreased 1.3% compared with the same month one year ago. This decrease was equal to two fewer homes selling in June 2019 versus June 2018.
New listings in Ballantyne increased 14.8% versus June 2018, which accounted to some degree for the increase in pending sales and the fewer days on market.
Months supply of inventoryremained low in June 2019 at 2.1 months keeping Ballantyne a seller’s market. Inventorywas down 14.3% compared with June 2018.
Median percent of original list price that sellers received for their homes was 97.9%. Certainly not a lot of negotiating room for Ballantyne home buyers.
Hot Ballantyne Area Neighborhoods
Wondering what the hot neighborhoods in the Ballantyne area? Click on the picture below to discover the 12 hottest neighborhoods to be watching in the Ballantyne/28277 zip code in 2019.
Find Your Ballantyne Area Dream Home
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Wondering what your Ballantyne area home is worth in today’s market? Find out by clicking on the picture below. If you’re thinking about selling, let’s get together and discuss the supply conditions in Ballantyne and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.
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Note: If you don’t see your subdivision or complex, or the data looks incomplete, it’s because there weren’t enough properties sold in a given year.
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This Charlotte, North Carolina real estate monthly update for Ballantyne is brought to you byNina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Ballantyne area specialists and neighbors and Charlotte metro area residential real estate experts. We’ve been opening doors for Ballantyne area home buyers and sellers for 20+ years and have been your Ballantyne neighbors since 2001.
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