Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, continued to feel the impact of the corona virus pandemic in May 2020 . Housing inventory, months supply of homes, new listings, home showing, and closed and pending sales all were down significantly. Meantime home prices continued to increase.
Matthews homes sales were significantly impacted in May 2020 by corona virus restrictions, which prohibited all in-person home showings in Matthews from late March to mid-May. As a result closed sales, new listings, inventory, months supply of homes, all dropped compared with May 2019. Given the lack of inventory, no surprise that average and median home sale prices increased. Home showings increased 163.3% from April 2019 and also year-over-year indicating pent-up buyer demand for Matthews homes.
It’s still tight inventory in the Waxhaw area, encompassing the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. COVID-19 restrictions in May impacted inventory, closed sales, new listings — all of which were down significantly in May. With less inventory, home sale prices increased, days on market decreased, and the percent of asking price that home sellers remained high. Pending sales increased slightly.
Ballantyne remained a seller’s market in May 2020. Months supply of inventory was sharply down (47.8%) compared with May 2019 to 1.2 months. Housing inventory was down 47.1% year-over-year, resulting in much lower days on market and higher home prices. COVID-19 restrictions contributed to lack of inventory and lower closed and pending sales in May.
Real estate news you can really use. June 2020 Newsletter with eight timely articles about the housing market and advice for home owners, home sellers, home buyers. This month’s newsletter provides great advice about the benefits of home ownership, the top reasons to own a home. and more. Also, see what the experts are predicting for an economic recovery in 2020.
Tega Cay, South Carolina housing market was definitely impacted by corona virus restrictions as evidenced by key indicators such as lower months supply of homes, less housing inventory, fewer new listings, lower days on market, 45% fewer home showings, and lower closed and pending sales in April 2020 compared with April 2019.
Fort Mill’s housing market (29715 and 29708 zip codes) definitely felt the impact of COVID-19 stay-at-home restrictions in April 2020, characterized by much lower inventory, fewer new listings, lower months supply of housing, and fewer closed and pending sales, while home prices increased compared with April 2019. Showings of homes dropped 79% in April year-over-year.
The Indian Land housing market remained a seller’s market with 2.4 months supply of homes. Corona virus restrictions significantly impacted home showings (down 40% compared with April 2019). As a result closed sales, inventory of homes, days on market, months supply of homes were all down and home prices were up. The bright spot was an increase in pending sales despite pandemic restrictions.