Waxhaw | Weddington | Marvin (28173 Zip Code) Real Estate Report/Housing Market Snapshot: September 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 September 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 21.9% year-over-year) despite an increase of 16.4% in new listings.
New construction inventory, which has long been a "staple" for the Waxhaw area home sales plummeted 42.2% year-over-year. Resale inventory also dropped significantly (23%) year-over-year. Lower inventory, especially in new construction, resulted in a 21 day drop in average days on market to 43 days. Meantime, median days on market dropped 18 days to just 12 days in September compared with the same month one year ago.
With continued tight inventory and inventory down 25% year-over-year to 3.6 months, the Waxhaw area remains a seller’s market. Lack of inventory has driven up average home prices — 5.1% year-over-year. Median home prices increased 5.7% year-over-year.
With home sellers receiving 98.2% of list price there's not much room for buyers to negotiate.
Want to know what this would mean for your family if you decide to buy or sell a Waxhaw area home?
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How The Waxhaw Area Housing Market Performed In
September 2019 versus September 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...
THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE
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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