Waxhaw and Marvin Real Estate Market - View Waxhaw and Marvin Real Estate Market Trends in North Carolina

Spring 2012 Market Update
Average Home Price	$300,000 - View Graph Trend

Average Price Compared to Last Year	Down 0-5%

Average Time on Market	60-90 days

Prices As % of Asking Price	95-100%

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than buyers

Multiple Offers?	Yes

Housing Inventory	Good supply - Some Prices

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Good economic news

Average Sold Price	$300,000 - View Graph Trend

Waxhaw and Marvin Local News

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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