What Happened In Union County, NC's Housing Market in Quarter 2, 2019?

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Union County, NC Housing Market Report: 

2nd Quarter 2019

 

Second Quarter 2019 Union County, North Carolina home sales kept the county a seller's market with just 2.2 months of inventory. Union County includes the towns of Waxhaw, Weddington, Marvin, Indian Trail, Stallings, Monroe, Hemby Bridge, Lake Park, Wesley Chapel, WingateMarshville, Fairview, Unionville, Matthews, and Mineral Springs.   

 

During the first quarter of 2019, Union County saw inventory and months supply of homes decrease by double digits compared with the same time frame one year ago. Days on market also decreased. Closed sales increased, as did the median sale price of homes, while the average price of homes decreased slightly. It should be noted that the average price of homes sold does not necessarily indicated  a drop in Union County home values... most of the decrease came in the 28173 zip code where there is considerable new construction of high-end homes, so it's more the mix of homes sold that impacted the sale prices. Demand for affordable homes in the 28173 zip code, encompassing Waxhaw, Weddington, and Marvin towns, has not abated.

 

Union County NC Housing Market Snapshot Q2-2019

   

 

In the second quarter of 2019, Union County saw a:

  • 2.6% decrease in average sale prices (to $328,787) year-over-year.
  • 1.2% increase in median sale price (to $286,000) year-over-year.
  • 11.6% decrease in inventory of homes for sale year over year.
  • 2.0% increase in closed sales year over year.
  • 13.8% decrease in the months supply of homes (2.2 months supply) year over year.
  • Days on market year over year were decreased 2.7% (54 days on market).
  • 96.6% percent of original price received, indicating a small window of opportunity for buyers to negotiate on price.

 

HISTORICAL QUARTERLY MEDIAN SALE PRICE FOR UNION COUNTY HOMES

 

Historical Quarterly Median Sale Price For Union County Homes

 

 

 

 DETAILED REPORT FOR UNION COUNTY HOUSING MARKET

 

Union County NC Housing Market Report Q2 2019

 

 

 

SEARCH UNION COUNTY HOMES FOR SALE

 

Search Union County Homes For Sale 

 

 

 

FIND OUT WHAT YOUR UNION COUNTY HOME MAY BE WORTH IN TODAY'S MARKET 

 

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THE COLDWELL BANKER MARKETING ADVANTAGE

 

 

This quarterly Union County housing market update is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts. We've been opening doors for Union County home buyers and sellers for 20+ years.

 

If you're considering selling or purchasing a home in Union County, I'd love an opportunity to earn your business, exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

 

 

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 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Rainmaker
4,408,585
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I am writing on my mental board, I wish Nina Hollander more iventory, I wish Nina more inventory.  A

Jul 17, 2019 02:10 PM #1
Rainmaker
3,060,499
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... you'll be the first to know if the mental channeling works! 

Jul 17, 2019 02:45 PM #2
Rainmaker
3,160,027
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Union County NC seems to be following the trend in your Real Estate neighborhoods Nina with low inventory. Sellers, are you reading this, and that your home is needed for sale?

Jul 18, 2019 04:15 AM #3
Rainmaker
1,789,942
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Another tight NC market to list in, Nina...you share the facts of real estate for your area so well.

Jul 18, 2019 05:21 AM #4
Rainmaker
3,060,499
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good morning, Sheila and Larry... finding an affordable home in Union County, especially in some of its zip codes, is like looking for a needle in a haystack these days.

Jul 18, 2019 05:27 AM #5
Rainmaker
3,060,499
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ginny Gorman thanks, Ginny. No doubt I'd like to list a few more properties in Union County... but those sellers seem to be sitting tight.

Jul 18, 2019 05:28 AM #6
Ambassador
1,837,781
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I always appreciate your added explanation of what the numbers mean. For example, the price decrease not really reflecting a true softening of values. Hope you have a great day and that your hubby is healing nicely.  D

Jul 18, 2019 07:23 AM #7
Rainmaker
1,292,799
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Your market report includes so much information, and opportunities to get even more information. Union County buyers and sellers are lucky to have you!

Jul 18, 2019 07:49 AM #8
Rainmaker
1,899,970
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina Hollander - yet another area with thin inventory.  Sellers take note!

Jul 18, 2019 09:08 AM #9
Rainmaker
3,060,499
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD thanks, Debb... you always have to go "behind" the numbers, otherwise someone can easily reach an incorrect conclusion.

Jul 18, 2019 10:45 AM #10
Rainmaker
3,060,499
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne and Jean Marie Zuhl thanks so much, Wayne and Jean! Appreciate your stopping by and the great compliment!

Jul 18, 2019 10:45 AM #11
Rainmaker
3,060,499
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... I have a couple of quarterly reports to finish and one more monthly.... and I expect that the thinventory message will continue.

Jul 18, 2019 10:46 AM #12
Rainmaker
4,066,666
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, you have the knack to drill down the numbers and explain the market in Union County.

Jul 18, 2019 05:34 PM #13
Rainmaker
3,060,499
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox thanks, Joan. Of course, I don't think of it as a "knack." It's just about taking time to get the numbers and analyze them to see what they might mean.

Jul 19, 2019 04:01 AM #14
Rainmaker
5,347,478
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Nina, for sharing your outstanding local market reports.

Jul 19, 2019 08:23 AM #15
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