Waxhaw housing market update and video for June 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 26.1% year-over-year) and a continued decrease (down 9.3%) in new listings year-over-year. With continued tight inventory and fewer new listings, Waxhaw area remains a seller’s market. Lack of inventory is putting a strain on closed sales.
Video Update: Waxhaw Housing Market: June 2019
Waxhaw, NC Still A Seller’s Market in June 2019
Average sale price of Waxhaw area homes decreased in June 2019 by 8.4% to just under $445,000 compared with the same period one year ago.
Median sale price for Waxhaw area homes in June 2019 decreased 14.8% versus one year ago to $360,000.
Average days on market for property listings in Waxhaw area were 51 days in June 2019 — up 4 days year-over-year, but down 6 days month-over-month.
Median days on market were 18 days in June 2019 — down 1 day compared with one year ago.
Average price per square foot for Waxhaw area homes decreased by $1 per square foot to $133/square foot in June 2019 versus the same period in 2018,
Pending salesin Waxhaw area increased 16.2% in June 2019 versus the same month last year.
Closed sales in Waxhaw area decreased 10.9% in June 2019 compared with the same month one year ago.
New listings in Waxhaw area decreased 9.3% in June 2019 versus June 2018.
Months supply of inventory stood at 2.7 months, down 32.5% versus June 2018. While resale inventory was down in June 2019 by 22.5% compared with June 2018, new construction inventory decreased 51.4%.
Percent of original list price sellers received for their homes was 98.1%, providing little negotiating room in the 28173 zip code for homes in Waxhaw, Weddington, and Marvin.
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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 Waxhaw is brought to you by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Waxhaw/Weddington/Marvinspecialists and Charlotte metro area residential real estate experts. We’ve been opening doors for Waxhaw, Weddington, and Marvin home buyers and sellers for 20+ years.
If you’re considering selling or purchasing a home in the Waxhaw/28173 zip code area, I’d love an opportunity to earn your business, exceed your expectations, and to show you how: