Waxhaw Area Housing Inventory Critically Low! Down 74.4% In May 2021!
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Waxhaw | Weddington | Marvin real estate markets in May 2021 and what it means for you... 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 almost 75% year-over-year) in May 2021 along with a drop in new listings, as well. The lack of inventory resulted in lackluster closed and pending sales in May 2021. Average days on market decreased 17 days to 25 days year-over-year. Median days on market were 3 days in May, down 7 days year-over-year and down 15 days from two years ago. Continued tight inventory and a months supply of homes of 0.7 months (a 2.8 month's drop from 3.5 months one year ago), kept the Waxhaw area a seller’s market ...
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