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Ballantyne (28277 Zip Code) Monthly Real Estate Report: January 2020
Ballantyne (28277 Zip Code) Real Estate Report/Snapshot
January 2020
Latest news on the Ballantyne real estate market and what it means for you...
Average Ballantyne home sale prices increased 11.7% in January 2020 compared with the same month one year ago. Median home sale prices increased 15.9% in January. Home sellers received 96.7% of list price in final sale price. January was the eighth consecutive month we saw an increase in home sale prices year-over-year.
Ballantyne homes continue to sell quickly with Median Days on Market at 36 days, down 3 days compared with one year ago. Average Days on Market were 47 days, down 16 days compared with the same month one year ago. Average Price Per Square Foot increased 7.5% to $157/square foot in January 2020 compared with one year ago.
Closed sales increased 1.3%, while pending sales increased 17% in January year-over-year in the Ballantyne area. 
Ballantyne's months supply of homes remained super low at 1 month (down from 2.2 months one year ago). This coupled with a 51% drop in housing inventory and a drop of 15.2% in new listings in January, kept Charlotte’s Ballantyne area/28277 zip code housing market a seller’s market.
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