Tega Cay, South Carolina remained a home seller’s market in June 2021. Tega Cay’s housing market experienced much lower inventory levels and days on market in the month of June, along with higher average home sale prices. Buyer demand for Tega Cay homes continued to outstrip supply of homes with pending sales down due to lack of inventory. Buyer demand and lower supply of homes show no signs of easing up.
Buying a home is an exciting experience, but it can feel a bit overwhelming if you don’t have the right information. Check out these helpful resources about the home buying process. When you’re ready, give Nina Hollander a call at 704-779-0813 to tour available homes in the Mecklenburg and Union Counties.
Fort Mill’s housing market (29715 and 29708 zip codes) unquestionably remained a home seller’s market in June 2021 with a 40.7% year-over-year increase in homes sold. Much lower inventory and months supply of housing, fewer days on market, higher sale prices, higher list to sale price ratios all characterized the Fort Mill seller’s market in June. Whatever impact the pandemic made on the Fort Mill housing market one year ago, it’s completely dissipated.
Indian Land, South Carolina housing market unquestionably remained a seller’s market in June 2021. Home prices increased, homes sold quickly with average days on market significantly lower. The months supply of homes was critically low at 0.8 months, new listings were down by 36+% and housing inventory also dropped by over 60% year-over-year. All this put downward pressure on closed and pending sales in June 2021.
Charlotte Region real estate market in June 2021 saw home sales up 5% year-over-year and 17% year-to-date. Charlotte’s housing market has bounced back after pandemic-related lockdowns in Spring 2020, which put real estate activity on pause. June saw home prices increase, inventory, days on market, and pending sales decrease. Pent-up demand continues to fuel the Charlotte region housing market.
You may have heard that there’s a shortage of available homes on the market. And it’s sparked bidding wars amongst eager (and sometimes desperate) buyers who are just looking for a place to live. This is causing homes to sell at record highs.
Then it happens… the home appraisal comes in LOW 📉😱!
With how quickly homes have been appreciating, comparable sales, which are typically used for appraisals, can be lagging, causing what we call an “appraisal gap.”
Indian Trail has fully recovered from the negative affects of the corona virus we saw in spring 2020. Year-over-year, home prices increased, while days on market decreased. Housing inventory is razor-thin with less than a one month’s supply of homes. Indian Trail homes are selling as fast as they are come on the market, on average in about one week.
Matthews (28105 zip code) housing market remained a home seller’s market in June 2021, evidenced by extremely low inventory and with just barely over a one-half month’s supply of inventory and extremely low days on market. Matthews homes are selling as quickly as they come on the market. Average home prices skyrocketed in June 2021.
The Waxhaw area housing market remained a seller’s market in June 2021 with continued significant decreases in inventory. With 71.3% less inventory year-over-year and huge buyer demand, days on market were down, home prices were up. While closed sales were up, pending sales were down due to the lack of inventory and new listings.
Ballantyne remained a home seller’s market in June 2021. Months supply of inventory was down 64.3% compared with June 2020 with just a 0.5 months supply. Housing inventory was down 58.6% year-over-year, resulting in fewer days on market, much higher home prices with sellers receiving a median 104.2% of asking price in final sale price. The Ballantyne housing market has fully recovered from the effects of the pandemic just one year ago.
Charlotte region luxury home sales maintained strong momentum in June 2021 with a huge increase in closed sales. Inventory and the months supply of single family luxury homes were significantly down, as were average and median days on market. The luxury home market in Charlotte region remains a seller’s market compared with one year ago when it was more of a balanced market based on the months supply of luxury homes.