Key "take-aways" about the Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) included the following in June 2023: Closed home sales increased a fourth consecutive month and were at their highest level of closed sales since September 2022. The list to sale price ratio was just over 101% at 101.51%. Median sale price increased 20.6% from May and 12.2% year-over-year. Average sale price increased 22.7% from May and 19.5% year-over-year. Average … (34 comments)
Spring 2023 will be a great time to find a new home in the Greater Charlotte area and lock in your housing costs for years to come. Waiting to buy can only cost you more the longer you wait, especially in terms of lost opportunity for equity growth. And there are other reasons to buy a home sooner rather than later: You escape the cycle of rising rents when you buy a home. Over the past several decades, the median price of rent has risen consistently and shows no sign … (32 comments)
Mint Hill home sales prices increased in February 2023 both month-over-month and year-over-year, despite a significant increase in days on market. Closed sales increased over the previous month, but decreased year-over-year. Overall inventory of homes remains relatively low and lower than in the second half of 2022. New listings also remain low and lower than all of 2022, except for December 2022.
Mint Hill Housing Market Highlights: February 2023
HOME SALE PRICES UP YEAR-OVER-YEAR & MONTH-OVER-MONTH Average sale price in February 2023 was … (12 comments)
housing market: What Is The State Of Housing In The Charlotte Region In 2022?
- 11/17/22 07:57 AM
CHARLOTTE REGION STATE OF HOUSING 2022 University of North Carolina Charlotte’s Childress Klein Center for Real Estate has issued its 2022 report on the state of housing in the Charlotte region. The study covers the immediate eight counties surrounding Charlotte: Mecklenburg, Cabarrus, Gaston, Iredell, Lincoln, and Union Counties in North Carolina plus Lancaster and York Counties in South Carolina.
KEY FINDINGS IN THE 2022 STATE OF HOUSING REPORT: The key findings from the 2022 study are that the Charlotte region continues to suffer from insufficient housing inventory to meet demand and that affordability of homes is very much strained despite a softening in the … (12 comments)
housing market: What Will The 2021 Housing Market Look Like? (Infographic)
- 01/02/21 07:00 AM
Sellers will get top dollar as buyers will struggle with affordability. This appears to be the primary message for the 2021 housing market... at least through the summer housing market in 2021. Of course, it's not very different from what we experienced throughout the second half of 2020.
Experts predict that the housing market's spring and summer seasons will be strong and possibly level off somewhat in the fall and winter of 2021. Home prices will continue to set records as inventory remains tight.
Throughout 2020, buyers were able to offset increasing home prices with historically low interest rates, which hit new … (30 comments)
Latest news on how COVID-19 is affecting the Charlotte region real estate market and what it means for you... During the first two weeks of March, COVID-19 concerns did not appear to significantly impact the Charlotte region's housing market. During the third week ending March 21st, we saw more of an impact on new listings and pending sales year-over-year compared with the prior two weeks, which increased at a lower rate. As this is normally the beginning of our spring selling season in "normal times," we would expect new listings and pending … (18 comments)
With so much changing in our housing markets as a result of the corona virus epidemic, it's important not to panic and to pay attention to what the experts are saying. While no one can predict the future of the housing market with absolute accuracy and, no doubt, the next couple of months might well be difficult... the longer term outlook for the housing market is not all "doom and gloom."
These won't be easy times in the coming weeks. However, the lessons learned from the last crisis have America better prepared to weather … (40 comments)
Corona Virus/COVID-19 has turned all of our lives upside down. This global pandemic has changed our current daily lives in different and unexpected ways and we are all in this together -- no one is unaffected. During this time of uncertainty, please be assured that I’m committed to serving you and helping you navigate this challenging time and the days beyond.
I know whether you are a homeowner with no plans to move right now or have been preparing to buy or sell a home, the current environment is … (41 comments)
Indian Land, SC housing market (29707 zip code) update for February 2019. The Indian Land housing market remains a seller’s market with just 2.4 months supply of inventory. Although the average sale price of Indian Land homes dropped a bit in February 2019, it shouldn’t be assumed Indian Land homes are losing value. It had more to do with the price mix of homes sold. New construction homes sold at about $75,000 more on average than resale homes. Days on market were also lower in February 2019 compared with February 2018. The drop in closed and … (14 comments)
Each year as a new year rolls around, everyone starts asking what will the housing market be like in the coming year. My crystal ball is no better than anyone else's, but I do like to watch the predictions from various sources just to get a sense of what may be in store for real estate in the coming year.
Overall, I can't argue with any of the 5 primary predictions for the 2019 housing market that: Inventory of homes will increase, even if not by a lot. Interest rates will increase, also if not by a … (26 comments)
LATEST NEWS ON THE WAXHAW | WEDDINGTON | MARVIN HOUSING MARKET...
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