Waxhaw Real Estate January 2024

 

 

WAXHAW HOMES LIST TO SALE PRICE RATIO AT ITS LOWEST LEVEL IN 3 YEARS

The January 2024 list to sale price ratio was 97.47%, down from 98.96% in the previous month of December and down from 98.94% from January one year ago. This was the lowest list to sale price ratio Waxhaw has seen in three years. Buyers finally saw a bit of a window opening to negotiate.

 

 

WAXHAW HOMES’ AVERAGE DAYS ON MARKET UP MONTH-OVER-MONTH, DOWN YEAR-OVER-YEAR

Average days on market in January 2024 were 41 days, increasing 12 days from 29 days in December. Compared with January 2023, average days on market decreased three days from 44 days. Compared with January 2022, average days on market were 27 days higher in 2024. 

 

 

WAXHAW SALES DECLINED TO THEIR LOWEST LEVEL IN 3 YEARS

Closed sales declined in January 2024 to 34, down 30.61% from 49 sold properties in December and down 45.16% from 62 sold properties in January 2023. The January 2024 sales were at their lowest level compared with January 2023 (62 sales) and January 2022 (65 sales). This was the lowest level of sales in Waxhaw in three years.

 

 

WAXHAW HOUSING INVENTORY DOWN 

Inventory of homes for sale in January 2024 stood at 304 properties, down 1.3% from 308 properties in the month of December. Inventory was 10.85% lower than in January one year ago. Inventory was lower compared with January 2023 (341 properties for sale), but higher than in January 2022  (297 properties for sale). This was the lowest level of inventory in Waxhaw since May 2022, which had 303 properties for sale. With a month’s supply of inventory of 8.94 months, Waxhaw area moved into buyer market territory in January.

 

 

NEW LISTINGS INCREASED AFTER 8 CONSECUTIVE MONTHS OF DECLINE

The number of new listings in January 2024 was 59, increasing 84.38% from 32 new listings in December, which saw the lowest number of new listings in 12 months. New listings were 7.27% lower than the 55 new listings in January 2023. 

 

I can help.

Call me today at 704-779-0813 or contact me here.

There’s absolutely NO OBLIGATION. 

A consultation with Nina Hollander is FREE. 

 

 

 

MORE INFORMATION ABOUT THE WAXHAW HOUSING MARKET’S PERFORMANCE

 

MORE INFOMATION ABOUT THE WEDDINGTON HOUSING MARKET’S PERFORMANCE

 

MORE INFORMATION ABOUT THE MARVIN HOUSING MARKET’S PERFORMANCE 

 

 

FIND OUT MORE ABOUT THE WAXHAW | WEDDINGTON | MARVIN AREAS AND WHY PEOPLE LOVE LIVING THERE

 

Did You Know…

… Weddington is ranked as the 3rd best suburb to live in the Greater Charlotte area and the #1 best place to live in Union County?

… Marvin is ranked as the 5th best suburb to live in the Greater Charlotte area and the #3 best best place to raise a family in Greater Charlotte?

… Waxhaw is ranked as the 9th best suburb to live in the Greater Charlotte area and the 3rd best place to live in Union County?

 

… So why not check out…

HOT NEIGHBORHOODS IN THE WAXHAW AREA

 

 

SEARCH WAXHAW | WEDDINGTON | MARVIN AREA HOMES

 

 

FREE Home Buyer Guide: “Things To Consider When Buying A Home,”

 

WONDERING WHAT YOUR WAXHAW AREA HOME IS WORTH?

 

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

THINKING OF SELLING YOUR HOME?

CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE

 

Median Home Price Trends In Waxhaw | Weddington | Marvin

Rolling 12 Months

 

This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, Marvin is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte residential real expert and Waxhaw/Weddington/Marvin area specialist. I’ve been opening doors for Waxhaw area home buyers and sellers since 1999.

 

If you’re considering selling or purchasing a home in the Waxhaw area or anywhere in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

 “The Right Broker Makes All The Difference.”