Waxhaw Real Estate Report: August 2023

2023-09-18T17:57:23-04:00September 18, 2023|Categories: Buying a Home, Housing Market Reports/Updates, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , , |

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.

Waxhaw Real Estate Report: July 2023

2023-09-18T17:55:18-04:00August 8, 2023|Categories: Buying a Home, Housing Market Reports/Updates, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , , |

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.

Waxhaw Real Estate Report: June 2023

2023-08-30T11:49:16-04:00July 5, 2023|Categories: Buying a Home, Housing Market Reports/Updates, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , , , |

Waxhaw area real estate market in June 2023 saw significantly higher average and median home sale prices and at their highest levels since June 2020. Closed sales increased a fourth consecutive month. The list to sale price ratio was just under 101%. Days on market remained under one month at 26 days. Housing inventory was at its lowest level since May 2022 due to fewer new listings coming on market. This all kept the Waxhaw area a home seller's market.

Waxhaw Real Estate Report: May 2023

2023-08-30T11:49:23-04:00June 4, 2023|Categories: Buying a Home, Housing Market Reports/Updates, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , , |

Waxhaw area real estate market in May 2023 saw a higher average sale price year-over-year. Closed sales increased a third consecutive month. The list to sale price ratio was just under 101%. Days on market decreased from one month ago to just 19 days. Housing inventory remained at its lowest level since September 2022.

Waxhaw Real Estate Report: April 2023

2023-08-30T11:49:33-04:00May 20, 2023|Categories: Buying a Home, Housing Market Reports/Updates, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , , |

Waxhaw area real estate market in April 2023 saw closed sales increase month-over-month. Days on market decreased 15 days from the previous month. Median and average sale prices increased month-over-month and year-over-year. At 99.7% the list to sale price ratio held its own. Waxhaw area inventory was at its lowest level since May 2022.

Waxhaw Real Estate Report: March 2023

2023-08-30T11:49:38-04:00April 7, 2023|Categories: Buying a Home, Housing Market Reports/Updates, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , , |

Waxhaw area real estate market in March 2023 saw closed sales increase 40% month-over-month. Days on market increased compared to March 2022, but decreased month-over-month. Median sale price increased month-over-month and year-over-year. At 98.7% the list to sale price ratio held its own. Inventory was up slightly over February as new listings increased month-over-month.

Waxhaw Real Estate Report: February 2023

2023-08-30T11:49:47-04:00March 6, 2023|Categories: Buying a Home, Housing Market Reports/Updates, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , , |

Waxhaw area real estate market in February 2023 saw a 14th consecutive month of lower closed sales, indicating buyers are taking a step back, due to a combination of higher home prices, higher interest rates, and economic uncertainty. Days on market increased. Median and average sale prices increased year-over-year and month-over-month. New listings were at their lowest level in three years with the exception of December 2022.

Waxhaw Real Estate Report: January 2023

2023-08-30T11:49:58-04:00February 9, 2023|Categories: Buying a Home, Housing Market Reports/Updates, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , , |

Waxhaw area real estate market in January 2023 saw a 13th consecutive month of lower closed sales, indicating buyers are taking a step back, due to a combination of higher home prices, higher interest rates, and economic uncertainty. Days on market also increased. Median and average sale prices were down year-over-year and month-over-month. New listings were at their lowest level in three years with the exception of December 2022.

Waxhaw Real Estate Report: December 2022

2023-08-30T11:50:06-04:00January 7, 2023|Categories: Buying a Home, Housing Market Reports/Updates, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , , |

Waxhaw area real estate market in December saw a 12th consecutive month of lower closed sales, indicating buyers are taking a step back, due to a combination of higher home prices and interest rates. Days on market also increased. Nonetheless, the months supply of inventory remained in seller "territory" at 1.5 months in December 2022, new listings were down, and home prices were up.

Waxhaw Real Estate Report: November 2022

2023-08-30T11:50:21-04:00December 8, 2022|Categories: Buying a Home, Housing Market Reports/Updates, Owning A Home, Selling a Home|Tags: , , , , , , , , , , , , |

Waxhaw area real estate market showed signs of continued cooling in November, despite an increase in average home prices. Waxhaw also saw an 11th consecutive month of lower closed sales, indicating buyers are taking a step back, due to a combination of higher home prices and interest rates. Nonetheless, the months supply of inventory remained in seller "territory" at 1.9 months in November and new listings were down.

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