Waxhaw | Weddington | Marvin (28173 Zip Code) Housing Market Snapshot: July 2019
Waxhaw (28173 zip code) real estate report/snapshot for July 2019. The Waxhaw area of the Charlotte, North Carolina metro area (the 28173 zip code–encompassing the three towns of Waxhaw, Marvin and Weddington) continued to see tight inventory (dropping 24.5% year-over-year) and a continued decrease (down 3%) in new listings year-over-year.
New construction inventory, which has been a "staple" for the Waxhaw area plummeted 51.1% year-over-year.
With continued tight inventory and fewer new listings, Waxhaw area remains a seller’s market. Lack of inventory has driven up home prices — 8.1% for resale home year-over-year. And with sellers receiving 98.3% of list price there's not much room for buyers to negotiate.
Despite the fact that lack of inventory often results in fewert home sales, July 2019 saw both closed and pending sales up. And both average and media days on market were lower than for the same month one year ago.
How The Waxhaw Area Housing Market Performed In
July 2019 versus July 2018
Did You Know...
Weddington is ranked as the 4th best suburb to live in in Charlotte metro area and the 10th best suburb in North Carolina?
Marvin is ranked as the 8th best suburb to live in in Charlotte metro area and the 16th best suburb in North Carolina?
Waxaw is ranked as the 12th best suburb to live in in Charlotte metro area and the 24th best suburb in North Carolina?
... So why not check out...
Median Home Price Trends In Waxhaw | Weddington | Marvin
This Charlotte, North Carolina real estate monthly update for Waxhaw, Weddington, Marvin is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker, your Charlotte metro area residential real experts and Waxhaw/Weddington/Marvin area specialists. We've been opening doors for Waxhaw area home buyers and sellers for 20+ years.
If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:
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