Tega Cay, South Carolina real estate report for January 2020. Tega Cay remained a seller’s market in January with tight inventory and just 2.3 months supply of homes. The tight inventory impacted closed sales negatively, although pending sales increased. Days on market were down in January 2020. Average and median sale priced increased significantly in the first month of 2020.
Fort Mill’s housing market remained a seller’s market in January 2020 evidenced by decreasing inventory of homes, lower months supply of housing and fewer new listings coming on the market. Closed sales were down in January no doubt due to lack of inventory. Buyer demand for homes in Fort Mill continues to outpace supply causing an increase in both average and median home prices compared with January 2019.
Indian Land, SC (29707 zip code) real estate report for January 2020. The Indian Land housing market remained a seller’s market with just 2.1 months supply of inventory overall, despite more homes listed for sale in the month of January 2020. Resale inventory is razor-thin at just 1.5 months. Average and median home sale prices up year-over-year.
Indian Trail area (28079 zip code which includes the towns of Indian Trail, Stallings, Hemby Bridge) remained a seller’s market with just 1.8 months supply of homes in January 2020 and housing inventory down 22.2%. Home prices were up significantly. Clearly, there’s no slowdown in the demand for Indian Trail homes. Check out the hottest selling neighborhoods in Indian Trail.
Matthews (28105 zip code) real estate report for January 2020. Matthews remained a seller’s market in January 2020 with the months supply of inventory razor thin at 1.5 months (down 34.8% year-over-year). Inventory was down 25.4%, as were new listings, which were down 24.7% in January. Both pending and closed sales increased significantly in January. Days on market continued to decrease — down 15 days to 39 days year-over-year.
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It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. New construction inventory was significantly down (almost 54%) in January 2020. Resale inventory was also significantly down (almost 28%) in January year-over-year. The months supply of homes was down to 2.8 months and average days on market were down by 9 days. Lack of inventory impacted closed sales negatively in the first month of the new year.
Charlotte region ended the first month of 2020 as a seller’s market with inventory remaining extremely tight and the months supply of housing dropping 36% to just 1.6 months. Year-over-year home prices increased, days on market decreased, inventory decreased, new listings decreased. Housing affordability index continued to decrease, as well.
Ballantyne remained a seller’s market in January 2020. Both median and average home prices were up significantly, new listings and inventory were down significantly. Months supply of inventory was sharply down compared with January 2019 — down to just 1 month. Closed and pending sales both increased in the first month of the year.