The Mecklenburg County single-family home market seemed to be catching its breath at midyear, with prices up a bit but sales down by about the same percentage.
For the first six months of the year, 5,908 single-family homes in the county sold through Carolina Multiple Listing Services for an average price of $269,183. That average price is up 3 percent.
This year’s snapshot of activity contrasts sharply with last year’s, when sales were up three times as much as prices. Perhaps the cold, wet months early in the year dampened sales. Certainly, the persistent lack of inventory frustrates both agents and families seeking to buy in their favorite neighborhoods.
The busiest ZIP code in Mecklenburg County during the first half of the year was 28078, with 530 homes sold. It’s in Huntersville, and includes popular Birkdale.
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Second was 28269 with 519 homes sold. It’s north of uptown, too, and includes long successful – and sprawling – Highland Creek.
Here’s an interesting tidbit: Last year, according to Realtor.com, the Ballantyne ZIP code in southern Mecklenburg was in the top handful of ZIPs in the entire country for home searches. The whole nation.
For the first six months of this year it came in third in Mecklenburg, with 429 homes sold.
Another tidbit: The least active ZIP was 28202, with just three single-family homes sold. Little surprise – because that’s uptown, which is dominated by townhomes and condo towers.
There was only one ZIP code with an average price of more than $1 million. It was 28207 – which includes both Eastover and Myers Park – with an average of $1,140,264. It held the distinction last year, and the average price has risen about 2 percent.
Some Mecklenburg neighborhoods and ZIP codes cross the county line into Union and Cabarrus counties. Both those growing suburban counties saw the same pattern as Mecklenburg, with sales down slightly but prices up.