While there's been lots of talk about housing markets showing signs of slowing down as a result of increases in interest rates and inventory increasing, in May 2022 we still saw NO SLOWDOWN in Charlotte's Ballantyne area where homes sold in 11 days, median and average home prices reached record levels, and new listings and inventory remained critically low. Home sellers continued to received a substantial amount (105.3%) over asking price in final sale price.
As a result, Ballantyne (28277 zip code) remained a home seller's market (34 comments)
March 2018 home sales in the Ballantyne area of Charlotte, North Carolina (28277 zip code) saw the same trends of January and February -- with home prices up, inventory tightening, pending and closed sales struggling to hold on due to the lack of inventory.
The average sale price of Ballantyne area homes increased by 4.8% to just under $368,000 as compared with the same period one year ago. (Median sale price in March 2018 was also up 8.5% versus one year ago.)
Average days on market for property listings decreased 3.1% to 31 days versus one year ago. Median days on market, however, dropped by 18.2% to 9 days in March 2018.
December 2017 home sales in the Ballantyne area of Charlotte, North Carolina (28277 zip code) ended 2017 with the trends we've seen all year with home prices up, inventory tightening, pending and closed sales struggling to hold on.
The average sale price of Ballantyne area homes increased by 5.7% to just over $368,000 as compared with the same period one year ago. (Median sale price in December 2017 was also up 10.0% versus one year ago.)
Average days on market for property listings dropped to 31 days from 32 days one year ago--a 3.1% improvement over the same period last year. Median days on market also dropped (24 comments)
November 2017 home sales in the Ballantyne area of Charlotte, North Carolina (28277 zip code) continued the trends we've seen all year with home prices up, inventory tightening, pending and closed sales struggling to hold on.
The average sale price of Ballantyne area homes increased by 5.2% to just over $364,000 as compared with the same period one year ago. (Median sale price in November 2017 was also up 9.4% versus one year ago.)
Average days on market for property listings dropped to 31 days from 32 days one year ago--a 3.1% improvement over the same period last year. Median days on market also dropped by 33.3% to 8 days in (16 comments)
October 2017 home sales in the Ballantyne area of Charlotte, North Carolina (28277 zip code) continued the trends we've seen all year with home prices up, inventory tightening, pending and closed sales struggling to hold on.
The average sale price of Ballantyne area homes increased by 3.8% to just under $361,000 as compared with the same period one year ago. (Median sale price in October 2017 was also up 6.7% versus one year ago.)
Average days on market for property listings dropped to 31 days from 33 days one year ago--a 6.1% improvement over the same period last year. Median days on market also dropped by 30.8% to 8 days in October (16 comments)
September 2017 home sales in the Ballantyne area of Charlotte, North Carolina (28277 zip code) continued the trends we've seen all year as we close out the third quarter with home prices up, inventory tight, pending and closed sales up.
The average sale price of Ballantyne area homes increased by 4.1% to just under $360,000 as compared with the same period one year ago. (Median sale price in September 2017 was also up 8.0% versus one year ago.)
Average days on market for property listings dropped to 31 days from 33 days one year ago--a 6.1% improvement over the same period last year. Median days on (24 comments)
August 2017 home sales in the Ballantyne area of Charlotte, North Carolina (28277 zip code) continued the trends we saw in the first half of the year with home prices up, inventory down, pending and closed sales up.
The average sale price of Ballantyne area homes increased by 4.0% to just under $358,000 as compared with the same period one year ago. (Median sale price in August 2017 was also up 6.0% versus one year ago.)
Average days on market for property listings dropped to 31 days from 34 days one year ago--an 8.8% improvement over the same period last year. Median days on market also dropped by (14 comments)
June 2017 home sales in the Ballantyne area of Charlotte, North Carolina (28277 zip code) continued the trends we saw in the first quarter with home prices up, inventory down, pending and closed sales up, ending the second quarter of the year on a high note.
The average sale price of Ballantyne area homes increased by 5.7% to just over $359,000 as compared with the same period one year ago. (Median sale price in June 2017 was also up 9.5% versus one year ago.)
Average days on market for property listings dropped to 31 days from 37 days one year ago--a 16.2% improvement over the same period (4 comments)