Waxhaw housing market update and video for May 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 24.7% year-over-year) and a continued decrease (down 10.6%) in new listings year-over-year. With continued tight inventory, fewer new listings, lower days on market, Waxhaw area remains a seller’s market. Both closed and pending sales increased in May 2019 compared with May 2018.
Video Update: Waxhaw Housing Market: May 2019
Waxhaw, NC Still A Seller’s Market in May 2019
Average sale price of Waxhaw area homes decreased slightly in May 2019 by 0.8% to just over $460,000 compared with the same period one year ago.
Median sale price for Waxhaw area homes in May 2019 increased 9.5% versus one year ago to just under $410,000.
Average days on market for property listings in Waxhaw area were 57 days in May 2019 — up 9 days compared with one year ago, but down 19 days versus the preceding month of April.
Median days on market were 16 days in May 2019 — down days compared with one year ago and down 11 days compared with the prior month of April 2019.
Average price per square foot for Waxhaw area homes increased by $7 per square foot to $136/square foot in May 2019 versus the same period in 2018,
Pending salesin Waxhaw area increased 11% in May 2019 versus the same month last year.
Closed sales in Waxhaw area increased 16.9% in May 2019 compared with the same month one year ago.
New listings in Waxhaw area decreased 10.6% versus May 2018.
Months supply of inventory stood at 3 months, down 25% versus May 2018. While resale inventory was down in May 2019 by 12.3% compared with May 2018, new construction inventory decreased 46.3%.
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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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: