Tega Cay real estate July 2023 softened slightly with a lower list to sale price ratio and fewer sales. Home sale prices were up from one year ago. Average home price was down from June, while median sale price was flat. Average days on market at 21 days were at their lowest level in eight months. New listings and inventory were flat month-over-month and down year-over-year.
Fort Mill real estate in July 2023 (29715 and 29708 zip codes) softened as sales and sale prices declined. Inventory and new listings also declined. Homes still sold quickly with average days on market just 20 days in July 2023. List to sale price ratio was just under 100%, providing home buyers few opportunities to negotiate on sale price. With just 2.75 months of inventory, Fort Mill was a seller's market in July 2023.
Indian Trail real estate July 2023 saw softening home prices, low inventory, fewer new listings and sales. Days on market declined for a sixth consecutive month to their lowest level since August 2022. List to sale price ratio was just under 100%. With 2.52 months supply of inventory, Indian Trail home sellers remained in the "driver's seat."
Matthews real estate market in July 2023 saw higher median home sale prices year-over-year. Days on market declined 18 days from June. Housing inventory was flat compared with June 2023, but new listings declined 22.4% from June and 42.31% from July one year ago. List to sale price ratio still at 100+%, leaving little room for buyers to negotiate. Low inventory and lack of new listings kept Matthews a home seller's market with 2.85 months supply of inventory.
Waxhaw area real estate market in July 2023 saw a higher median sale price year over year and month over month. Closed sales declined, but were still at their second highest level in 2023. The list to sale price ratio was just over 100% providing little room for negotiation to buyers. Days on market remained under one month at 28 days. Housing inventory remained tight due to fewer new listings coming on market. This all kept the Waxhaw area a home seller's market.
Ballantyne real estate market in July 2023 saw home sale prices increase significantly year-over-year and month-over-month with a list to sale price ratio of 102.6%. Median sale price was up 32.9% compared with July one year ago. Days on market of 8 days were at their lowest level in one year. Sales were down due to lack of inventory and new listings. New listings were at their lowest level since February 2023. With 2.96 months supply of inventory, Ballantyne area home sellers were in the driver's seat in July.
Luxury homes market in Charlotte Region in July saw average and median home sale prices increase from July 2022, as well as from June 2023. Pending sales increased, while closed sales decreased. Median days on market were just seven. Median list to sale price ratio was 98.8%. New listings declined 20.9%. Inventory declined 8.4%. Months supply of inventory declined 0.4 months year-over-year to 3.1 months, keeping luxury home sellers in the "driver's seat" in the Charlotte region.
Charlotte real estate in July 2023 saw home sales decline 20.7% year-over-year to their lowest level in 10 years. Home prices increased 4%, on average. July saw the first increase in year-over-year median price since January 2023. Higher home prices, increasing interest rates, fewer new listings and less inventory are clearly impacting sales. Homes sold in 29 days. New listings declined 30.2% putting pressure on inventory, which decreased 30% year-over-year. The months supply of homes remained low at 1.4 months, decreasing for the first time in one year and keeping Charlotte in "home seller territory." Home affordability continues to suffer.
JUST LISTED IN CAMERON WOOD IN SOUTH CHARLOTTE: 3103 WILD LARK COURT 3103 Wild Lark Court has just been listed by Nina Hollander with Coldwell Banker at an asking price [...]