Ballantyne real estate October 2019 remained a seller’s market.. Both median and average home prices were up, days on market were down, new listings and inventory were also down. Months supply of inventory was sharply down compared with October 2018 — down 1.2 months.
Ballantyne Real Estate October 2019: Highlights
Latest news on the Ballantyne real estate market and what it means for you…
Average Ballantyne home sale prices increased 6.3% in October 2019 compared with the same month one year ago. Home sellers received 97.7% of list price in final sale price. October was the fifth consecutive month we saw an increase in home sale prices.
Ballantyne homes continue to sell quickly with Median Days on Market just 14 days, down 7 days compared with one year ago. Average Days on Market were down by one day compared with one year ago at 35 days. Average Price Per Square Foot increased by $4/square foot to $151 in October 2019 compared with one year ago.
Closed sales increased 11%, while pending sales were up 26.8% in October year-over-year in the Ballantyne area.
Ballantyne’s months supply of homes remained low at 1.6 months (down from 2.8 months one year ago and 1.8 months in September 2019). This coupled with a 38.4% drop in housing inventory and a drop of 26.1% in new listings in October kept Charlotte’s Ballantyne area/28277 zip code housing market a seller’s market.
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Ballantyne Real Estate Snapshot
October 2019 vs October 2018
Median Home Price Trends In Ballantyne
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FREE Fall 2019 Home Buyer Guide: “Things To Consider When Buying A Home”
CHECK OUT THE 12 HOTTEST BALLANTYNE AREA NEIGHBORHOODS
What Is Your Ballantyne Home Worth?
Wondering what your Ballantyne home is worth in today’s market? Find out by clicking on the picture below.
If you’re thinking about selling your Ballantyne area home, let’s get together and discuss the supply conditions in your Ballantyne neighborhood and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.
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FREE Fall 2019 Home Seller Guide: “Things To Consider When Selling Your House”
THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE
Previous Ballantyne Housing Market Updates
Ballantyne Real Estate Update: September 2019
Ballantyne Real Estate Update: August 2019
Ballantyne Real Estate Update: July 2019
Ballantyne Real Estate Update: June 2019
Ballantyne Real Estate Update: May 2019
Ballantyne Real Estate Update: April 2019
Ballantyne Real Estate Update: February 2019
Ballantyne Real Estate Update: January 2019
Ballantyne Real Estate Update: December 2018
Ballantyne Real Estate Update: November 2018
Ballantyne Real Estate Update: October 2018
Whether You’re Buying Or Selling A Ballantyne Home…
… The Right Broker Makes All The Difference!
This Charlotte, North Carolina real estate monthly update for Ballantyne is provided by Nina Hollander with Coldwell Banker Realty Ballantyne area specialist and Greater Charlotte residential real estate expert. I’ve been opening doors for Ballantyne area home buyers and sellers since 1999 and have been your Ballantyne neighbor since 2001.
If you’re considering selling or purchasing a home in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you how:
“The Right Broker Makes All The Difference.”