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.
Indian Trail area (28079 zip code), which includes the towns of Indian Trail, Stallings, Hemby Bridge, felt the impact of the corona virus pandemic in April 2020 — the first full month of stay-at-home restrictions in North Carolina. Days on market, housing inventory, months supply of homes, new listings all were down significantly. Closed and pending sales also down significantly.
Matthews homes sales were significantly impacted in April 2020 by the corona virus restrictions, which prohibited all in-person home showings in Matthews. As a result closed and pending sales, new listings, inventory, months supply of homes, days on market all dropped compared with April 2019. Given the lack of inventory, no surprise that median home sale prices increased almost 11% and the median sale to listing price ratio was 100%.
COVID-19 impacted Charlotte real estate sales significantly in April 2020. Year-over-year closed and pending sales, new listings, inventory, housing affordability, days on market, months supply of homes, were all down. Meantime, days on market dropped and home prices increased — essentially due to lack of inventory combined with buyer demand. Home showings were down more than 50% due to COVID-19 restrictions.
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 April impacted inventory, closed and pending sales, new listings, home showings — all of which were down significantly in April. With less inventory, home sale prices increased, days on market decreased, and the percent of asking price that home sellers realized increased.
Real estate news you can really use. May 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 on “test driving” a neighborhood virtually if you’re a home buyer as well as advice for home sellers on how to sell a home virtually… and more.