Ballantyne remained a seller’s market in January 2020. Both median and average home prices were up significantly, new listings and inventory were down significantly. Months supply of inventory was sharply down compared with January 2019 — down to just 1 month. Closed and pending sales both increased in the first month of the year.
Ballantyne Real Estate Report: January 2020
Latest news on the Ballantyne real estate market and what it means for you…
Average Ballantyne home sale prices increased 11.7% in January 2020 compared with the same month one year ago. Median home sale prices increased 15.9% in January. Home sellers received 96.7% of list price in final sale price. January was the eighth consecutive month we saw an increase in home sale prices year-over-year.
Ballantyne homes continue to sell quickly with Median Days on Market at 36 days, down 3 days compared with one year ago. Average Days on Market were 47 days, down 16 days compared with the same month one year ago. Average Price Per Square Foot increased 7.5% to $157/square foot in January 2020 compared with one year ago.
Closed sales increased 1.3%, while pending sales increased 17% in January year-over-year in the Ballantyne area.
Ballantyne’s months supply of homes remained low at 1 month (down from 2.2 months one year ago). This coupled with a 51% drop in housing inventory and a drop of 15.2% in new listings in January, kept Charlotte’s Ballantyne area/28277 zip code housing market a seller’s market.
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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 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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