500+ top selling neighborhoods in the Charlotte area as of June 2020, where at least one home sold each month for the past 12 months. Plus a list of the 250 hottest selling neighborhoods in Charlotte-Mecklenburg County in June. Find out if your neighborhood is on these lists. What the experts are saying about the housing market (video).
Despite the pandemic and showing restrictions in much of the second quarter of 2020, Charlotte region remained a home seller’s market. Home prices increased, while inventory and days on market decreased. Only closed sales decreased during the second quarter, but were clearly making a comeback by June. By June, it was evident that home buyer demand far exceeded supply of homes for sale, both resale and new construction.
Move-in ready patio home in Charlotte’s 55+ Active Adult community in the Polo Club at Mountain Island Lake. If you’re looking to downsize in a maintenance-free home in a lock & leave community with great amenities and still want space to live and entertain be sure to check out 4949 Polo Gate Boulevard.
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, fewer days on market, fewer home showings, fewer closed sales in May 2020. Due to lack of inventory coupled with high demand, both median and average home prices increased year-over-year.
Fort Mill’s housing market (29715 and 29708 zip codes) continued to feel the impact of COVID-19 restrictions in May 2020, characterized by much lower inventory, fewer new listings, lower months supply of housing, lower days on market, and fewer closed and pending sales, while home prices increased compared with May 2019. Showings of homes recovered well month-over-month, but were down 23% year-over-year.
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.