Real estate market report

Waxhaw Real Estate Market Update

 

7808 Spanish Oaks Drive in Waxhaw's The Oaks on Providence is available for $325,000 as of August 29, 2019.

Like the economy, local real estate sales were up again in July 2019 as the Charlotte area’s hot real estate market showed little sign of cooling off.

Fueled by low unemployment and comparably low interest rates, buyers continue to outnumber the supply of available homes. It will be interesting to see how events unfold if there are changes in the general economy anytime soon.

Market Report

According to the Charlotte Regional Realtor Association’s most recent data on Waxhaw real estate comparing statistics from July 2018 and July 2019, new listings were down 7.3% from 137 to 127, pending sales were up 5% from 119 to 126, and closed sales were up 4.5% from 134 to 140.

The median sales price in July increased from $410,000 to $435,000, and the average home sales price went up from $476,500 to $491,091.

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