Ballantyne remained a seller’s market in January 2021. Months supply of inventory was down (54.5%) compared with January 2020 to 0.5 months supply. Housing inventory was down 60.5% year-over-year, resulting in lower days on market, higher home prices with sellers receiving a median 100% of asking price in final sale price.
Tega Cay, South Carolina remained a home seller’s market in December 2020. Tega Cay’s housing market experienced much lower inventory levels and days on market in the month of December, along with considerably higher home sale prices. Buyer demand for Tega Cay homes continued to outstrip supply of homes for sale with closed and pending sales up significantly.
Indian Land, South Carolina housing market unquestionably remained a seller’s market in December 2020, despite the ongoing pandemic. Home prices increased, homes sold quickly with both average and median days on market significantly lower. The months supply of homes was critically low at 0.8 months and housing inventory also dropped by more than 60% year-over-year.
Indian Trail has recovered from the negative affects of the corona virus we saw early in 2020. Year-over-year, home prices increased while days on market decreased. Housing inventory is razor-thin and Indian Trail will need a significant infusion of new inventory to maintain this pace of home sales in the coming months. No doubt there’s plenty of pent-up buyer demand for Indian Trail area homes.
December 2020 saw a continued strengthening in the greater Charlotte region housing market, despite the ongoing pandemic and what is normally a slower season due to the holidays. Home prices continued to increase. Days on market, inventory, and months supply of homes were substantially lower than in December 2019. Individual counties in the greater Charlotte region — Mecklenburg, Union, Lancaster and York — essentially mirrored the overall housing market activity.
500+ top selling neighborhoods in the Greater Charlotte area as of December 2020, where at least one home sold each month for the past 12 months. Plus a list of the 250 hottest selling neighborhoods in the city of Charlotte and in Mecklenburg County in November. Find out if your neighborhood is on these lists. What experts predict for the 2021 housing market (video).
December 2020 saw a continued strengthening in the luxury homes market in the Charlotte region versus December 2019, despite the ongoing pandemic. Inventory and months supply of luxury homes were significantly down, as were average and median days on market. Pending and closed sales were up significantly year-over-year.