CHARLOTTE REGION REAL ESTATE TRENDS: AUGUST 2024
Trends and insights for housing markets in Ballantyne, Waxhaw, Matthews, Indian Trail, Indian Land, Fort Mill, Tega Cay, Mint Hill, Huntersville, Cornelius to inform your buying, selling, or investment decisions.
BALLANTYNE AREA REAL ESTATE MARKET TRENDS August 2024
Ballantyne real estate August 2024 saw home prices improve from one year ago. List to sale price ratio remained above 100%. Ballantyne home buyers did not have many opportunities to negotiate on price. Sales declined both year-over-year and month-over-month. Days on market remained low at 16 days. Housing inventory increased a sixth consecutive month to its highest level since October 2023. New listings declined a third consecutive month, but were still higher than in August one year ago. With 3.9 months supply of inventory, Charlotte's Ballantyne area remained a home seller's market in August, inching towards a balanced market. For more information on the Ballantyne area housing market trends in August 2024, click here.
WAXHAW AREA REAL ESTATE MARKET TRENDS August 2024
Waxhaw area real estate August 2024 saw median and average sale prices increase both month-over-month and year-over-year. Sales declined a second consecutive month to their lowest level compared with August 2023 and August 2022. The list to sale price ratio of 99.64% in August 2024 provided Waxhaw area home buyers minimal opportunity to negotiate on price. Average days on market remained below one month (23 days) for a sixth consecutive month. Inventory of homes for sale increased a seventh consecutive month to its highest level in the past three years. New listings declined in August for a third consecutive month, but were higher than in August one year ago. Months supply of inventory increased to 5.35 months in August, pushing Waxhaw into a balanced market between home buyers and home sellers. For more information on the Waxhaw area housing market trends in August 2024, click here.
MATTHEWS (28105 ZIP CODE) REAL ESTATE MARKET TRENDS August 2024
Matthews real estate August 2024 saw median home sale price decline from one year and one month ago. The average sale price increased slightly from from one year ago. At 18 days, the days on market declined a third consecutive month. Housing inventory increased a fifth consecutive month and was at its highest level in the past three years. New listings declined a third consecutive month, but increased 13.21% from August one year ago. List to sale price ratio was just under 100% in August and Matthews home buyers did not see many opportunities to negotiate on price. Sales declined a second consecutive month and were 27.69% lower than one month ago. Compared with August one year ago sales were 11.9% higher in August 2024. Despite an increase month-over-month, with a months supply of inventory of 3.7 months, Matthews remained in home seller territory. For more information on the Matthews housing market trends in August 2024, click here.
INDIAN TRAIL REAL ESTATE MARKET TRENDS August 2024
Indian Trail real estate August 2024 saw home sales prices increase month-over-month and year-over-year. Sales increased from one month ago, but declined from one year ago. Days on market increased four day to 31 days from the previous month and were five days higher than in August one year ago. List to sale price ratio improved from one month ago to 99.08%. At just under 100%, Indian Trail home buyers did not see much of an opportunity to negotiate on price. New listings increased a third consecutive month and were higher than in August one year ago. The number of properties for sale in August increased a fourth consecutive month to its highest level since November 2022. The months supply of inventory (MSI) was 3.58 months in August, keeping Indian Trail in home seller territory. For more information about Indian Trail's housing market in August 2024, click here.
INDIAN LAND, SC REAL ESTATE MARKET TRENDS August 2024
Indian Land real estate August 2024 saw new listings increase after three consecutive months of declines. New listings increased 14.94% year-over-year. Inventory increased a fifth consecutive month to its highest level in the past three years. With 3.84 months supply of inventory, Indian Land remained a seller's housing market. Days on market increased by 10 days to 42 days in August 2024 from the prior month. Compared with August one year ago, days on market increased 27 days year-over-year. The list to sale price ratio of 99.53%, kept opportunities for Indian Land home buyers to negotiate on price at a minimum. Median home sale price declined from one month and one year ago. Average home sale price was relatively flat month-over-month and year-over-year. The number of properties sold declined from one month ago, but increased from one year ago. For more information about the Indian Land housing market in August 2024, click here.
FORT MILL, SC REAL ESTATE MARKET TRENDS August 2024
Fort Mill real estate August 2024 (29715 and 29708 zip codes) saw the average home sale price increase month-over-month and year-over-year. The median sale price was down from one month ago, but was up from one year ago. August 2024 sales declined month-over-month and year-over-year. New listings increased to their second highest level in the past three years. Days on market increased 10 days from one month ago and 16 days from one year ago. Inventory increased an eighth consecutive month in August to its highest level in the past three years. The months supply of inventory at 3.28 months, kept Fort Mill in home seller territory despite the higher levels of inventory. List to sale price ratio of 98.7% was essentially flat compared with one month, but was lower than one year ago and provided little room for Fort Mill buyers to negotiate on price. For more information on the Fort Mill housing market trends in August 2024, click here.
TEGA CAY, SC REAL ESTATE MARKET TRENDS August 2024
Tega Cay real estate August 2024 saw home sales decline a third consecutive month. Median and average sale prices were up month-over-month and year-over-year, increasing to their highest levels compared with August 2023 and 2022. Days on market declined to their second lowest level in 2024 and were considerably lower than in August 2023 and 2022. New listings increased month-over-month, but declined year-over-year. Housing inventory increased to its highest level in two years. The months supply of inventory at 5.6 months pushed Tega Cay into a balanced market between home buyers and home sellers. The list to sale price ratio declined 1.17% to 98.03% from one month ago and declined 1.85% from August one year ago. For more information about the Tega Cay housing market trends in August 2024, click here.
MINT HILL REAL ESTATE MARKET TRENDS August 2024
Mint Hill real estate August 2024 saw median and average home prices increase both month-over-month and year-over-year. The number of properties sold increased from one month ago, but declined from one year ago. Days on market dropped 11 days from one month ago and were almost 21% lower than in August 2023. New listings increased a fourth consecutive month to their highest level since October 2023. Housing inventory increased a fourth consecutive month to its highest level since December 2022. The months supply of inventory at 4.11 months, nudged Mint Hill into a more balanced market between buyers and sellers. List to sale price ratio at 99.77% offered Mint Hill home buyers minimal negotiating room on price. For more information about the Mint Hill housing market trends in August 2024, click here.
HUNTERSVILLE REAL ESTATE MARKET TRENDS August 2024
Huntersville real estate August 2023 saw median home prices increase from August one year ago. The number of properties sold in August 2024 declined month-over-month, but increased almost 36% year-over-year. Days on market increased six days from one month ago and increased 14 days from one year ago. New listings increased 11.38% from one month ago and were 31.73% higher compared with August one year ago. Inventory increased to its highest level in the past three years. The months supply of inventory of 3.96 months kept Huntersville in home seller "territory" in August 2024. A list to sale price ratio of 98.84% provided Huntersville home buyers minimal opportunity to negotiate on sale price. For more information about the Huntersville housing market trends in August 2024, click here.
CORNELIUS REAL ESTATE MARKET TRENDS August 2024
Cornelius real estate August 2024 saw both average and median home sale prices decline from one month ago and one year ago. The number of properties sold declined from the previous month, but were almost 35% higher than one year ago. Days on market increased month-over-month and year-over-year. New listings increased to their highest level since June 2022. Inventory increased to its highest level in the past three years. The months supply of inventory at 4.07 months nudged Cornelius towards a balanced market. The list to sale price ratio of 97.26% provided Cornelius home buyers with a small window of opportunity to negotiate on sale price. For more information on the Cornelius housing market trends in August, click here.
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