Waxhaw Real Estate Market Update: December 2023
πππ πππππ πππ ππ! π Today we're looking at the monthly stats just released from our MLS, and thereβs some interesting stuff...
ππΌ This past month, the average sales price across Waxhaw is at $750,344, up OVER 11% from this time last year. In contrast, the city of Charlotte saw a 3% increase over the last year.
ππΌ Waxhaw saw another decrease in average days on market AND in inventory. Believe it or not, we have almost 50% fewer homes on the market than we did last year!
ππΌ As you know, fewer homes for sale means they are selling faster and for more money than they were last year. If you factor in what experts project to be up to 5 interest rate decreases in 2024, we are bound to watch the market be on fire π₯
π€πΌ In summary, πͺπ π‘πππ ππ’π ππ¦ π§π’ π¦πππ. There is still so little inventory, and with interest rates on a downward trend, more buyers are coming to buy. If you're thinking of moving, give us a call to at least explore what you might be able to sell for, and see if it makes sense for your goals!