Waxhaw | Weddington | Marvin (28173 Zip Code) Real Estate Report/Housing Market Snapshot: August 2019
Latest news on the Waxhaw area real estate market and what it means for you...
Waxhaw (28173 zip code) real estate report/snapshot for August 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 24.7% year-over-year) and a continued decrease (down 12.6%) in new listings year-over-year.
New construction inventory, which has been a "staple" for the Waxhaw area home sales plummeted 47.3% year-over-year. Resale inventory also dropped significantly (28.2%) year-over-year.
With continued tight inventory and fewer new listings, Waxhaw area remains a seller’s market. Lack of inventory has driven up average home prices — 4.4% year-over-year. Average home prices for resale homes were up 6.2% compared with August 2018. Median home prices increased 10.6% year-over-year.
And with sellers receiving 98.3% of list price there's not much room for buyers to negotiate.
Lack of inventory and new listings resulted in fewer home sales in August 2019 with both closed and pending sales down as well as lower days on market (down 5 days year-over-year).
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How The Waxhaw Area Housing Market Performed In
August 2019 versus August 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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