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How COVID-19 Affected Waxhaw | Weddington | Marvin Home Sales In April 2020
 Waxhaw | Weddington | Marvin (28173 Zip Code) Real Estate Report/Housing Market Snapshot: April 2020  
Latest news on how Covid-19 restrictions impacted the Waxhaw area real estate market in April and what it means for you...
 
COVID-19 restrictions in North Carolina were in full force in April, impacting inventory, closed and pending sales, new listings, home showings -- all of which were down significantly in April. With less inventory, home sale prices increased, days on market decreased, and the percent of asking price that home sellers realized increased.
 
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 29.4% year-over-year). New listings decreased 31.6% year-over-year in April. 
 
Average days on market decreased 46 days to 43 days year-over-year and decreased 14 days month-over-month.  Median days on market were 7 days in April, down 20 days year-over-year and down 6 days month-over-month. Home showings were considerably lower in April 2020 at 1,054 showings compared with 2,973 in April 2019 due to COVID-19 restrictions and stay-at-home orders. 
 
Continued tight inventory and a months supply of homes of 3 months (a 1.3 month's drop from 4.3 months one year ago), kept the Waxhaw area a seller’s ... more

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