Waxhaw & Millbridge Market Update: July 2022

HAPPY MONDAY and welcome to another 𝐌𝐎𝐍𝐃𝐀𝐘 𝐌𝐀𝐑𝐊𝐄𝐓 𝐔𝐏𝐃𝐀𝐓𝐄. Today's a little different because the MONTHLY stats have been released by our MLS!

INTERESTING INSIGHTS:

Average sales price is up 22.4% since July of 2021.

Inventory across Waxhaw is up 71.4% from this time last year, evidence of us being in a much more balanced market.

Average list-to-sale ratio has decreased by 2.3% from July of 2021, meaning sellers are getting a lower amount OVER list price than they were last year. On average, though, they are still selling for almost 1% more when priced right.

Thinking of moving this year? Give me a call! It just so happens to be my favorite thing to talk about!