Home pricing going up or down?

Hey everyone, Andy Reynolds here, your local real estate expert. So let's take a look at single family home sales according to Canopy MLS system from January 1 through the end of May from the years 2020, 21, 22, and our current year 2023. Now this is going to be for the single family homes that are non waterfront homes here and are located in the zip codes of 28012, 29710, 28278, 29745, and 29732, 29708. So basically that includes Belmont, Lake Wylie, Clover, York, Tegid Cay, part of Fort Mill, and part of East Charlotte there.
So let's take a look at the data. As you can see from this chart, in 2020 we'd sold 1,643 homes. The average selling price then was $333,000. Our average day-to-day market was 51 and we were getting 99% of our asking price then. As we move into 2021, we sold 1,724 homes. The average sales price had gone up to $385,000.
Our average days on market was 22, and we were getting over asked price in most cases with our list price to sales price ratio being 101%. In 2022, we closed 1,681 homes. Our sales price had jumped to $459,000 for our average close price. Our days on market was down to 18, and we were getting again 101% of asking price overall. As we move into 2023, we have seen a very limited number of inventory, so that has really constrained our buyers from being able to find homes. So we closed 1,770, I'm sorry, 1,273 homes. Our sales price is up just a tick at $462,000 and our days on market is up a little bit of $46,000 and we're getting 99% of asking price.
If you're looking to buy something right now, we still have a limited inventory. You basically have 359 single family homes to choose from. Under contract currently, we have 444 homes. Those were on the market on average of 35 days. And their average list price was $501,000. So if we see a trend here, we see limited inventory still. And we're seeing an average sales price of the ones that are under contract.
at being $501,000. And if we maintain getting 99% of asking price, we're gonna see that average sales price of 462 climb. So we're seeing prices stay high, days on market are growing a little bit, but not excessive, and we have limited inventory. Therefore, we don't still see pricing changing or prices coming down on single family homes at this time.
If we got a flood of inventory, we may see some change, but again, we don't have that. We have limited inventory supply and the prices are still climbing. So if I could be of any assistance to you, please have a real estate expert on your side. Been doing this 16 years. Love to help you and your family any way I can. My number to reach me directly is 704-763-7196. Love to help out any way I can. Y'all have a great day.