Waxhaw Real Estate June 2020
Waxhaw real estate June 2020 saw continued declines in inventory. With less inventory, home sale prices increased, days on market and months supply of inventory decreased, while the percent of asking price that home sellers realized increased. All of this kept the Waxhaw area a home sellers’ market.
Waxhaw Real Estate June 2020 Update
Latest news on the Waxhaw area (28173 zip code) real estate market in June 2020 and what it means for you…
The Waxhaw area of the Charlotte, North Carolina metro area (28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 36.7% year-over-year) in June 2020. New listings decreased 3.8% year-over-year in June, as did the months supply of inventory.
Average days on market decreased 12 days to 39 days year-over-year. Median days on market were 16 days in June, down 2 days year-over-year. Continued tight inventory and a months supply of homes of 2.5 months (a 1.6 month’s drop from 4.1 months one year ago), kept the Waxhaw area a seller’s market.
Resale inventory dropped 34.1% to just 1.6 months supply; new construction inventory dropped 37.1% in June to just 1.7 months supply.
With home sellers receiving 98.4% of list price (up 0.1% year-over-year) there was less room for home buyers to negotiate in June 2020 than in the previous year.
Home sale prices (median [$415,000] and average [$470,372]) in June increased 4.1% on average and 13.7% for median home prices year-over-year. Price per square foot increased 7.5% to $144/square foot (up $10/square foot) in June versus the same month one year ago.
Closed sales declined 1.2% and pending sales increased 22.3% in June 2020 compared with the same month one year ago.
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Waxhaw Real Estate Highlights:
June 2020 vs June 2019
FIND OUT MORE ABOUT THE WAXHAW | WEDDINGTON | MARVIN AREAS AND WHY PEOPLE LOVE LIVING THERE
Did You Know…
Weddington is ranked as the 4th best suburb to live in in Charlotte metro area and the 10th best suburb in North Carolina?
Marvin is ranked as the 8th best suburb to live in in Charlotte metro area and the 16th best suburb in North Carolina?
Waxaw is ranked as the 12th best suburb to live in in Charlotte metro area and the 24th best suburb in North Carolina?
… So why not check out…
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This Charlotte, North Carolina Waxhaw real estate June 2020 update is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte residential real expert and Waxhaw/Weddington/Marvin 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.”
Previous Waxhaw |Weddington |Marvin Housing Market Updates:
Waxhaw/Weddington/Marvin Housing Market Update: May 2020
Waxhaw/Weddington/Marvin Housing Market Update: April 2020
Waxhaw/Weddington/Marvin Housing Market Update: March 2020
Waxhaw/Weddington/Marvin Housing Market Update: February 2020
Waxhaw/Weddington/Marvin Housing Market Update: January 2020
Waxhaw/Weddington/Marvin Housing Market Update: December 2019
Waxhaw/Weddington/Marvin Housing Market Update: November 2019
Waxhaw/Weddington/Marvin Housing Market Update: October 2019
Waxhaw/Weddington/Marvin Housing Market Update: September 2019
Waxhaw/Weddington/Marvin Housing Market Update: August 2019
Waxhaw/Weddington/Marvin Housing Market Update: July 2019
Waxhaw/Weddington/Marvin Housing Market Update: June 2019
