Ballantyne remained a seller’s market in November 2019. Both median and average home prices were up, days on market were down, new listings and inventory were also down. Months supply of inventory was sharply down compared with November 2018 — down by 1.2 months. Closed sales were down due to lack of inventory. Pending sales increased year-over-year.
Tega Cay, SC real estate report and housing market snapshot for October 2019. Tega Cay remains a seller’s market with lower inventory, fewer days on market, fewer new listings and just 2.4 months supply of homes. Both closed and pending sales were up substantially in October compared with one year ago.
Fort MIll’s housing market remained a seller’s market in October 2019 evidenced by decreasing inventory or homes, lower months supply of housing, fewer days on market. New listings were up slightly. Closed and pending sales increased 11.8% and 23.6%, respectively. Buyer demand for homes in Fort Mill continues to outstrip supply.
Indian Land, SC (29707 zip code) real estate report/snapshot for October 2019. The Indian Land housing market remains a seller’s market with just 2.8 months supply of inventory overall and homes selling more quickly. Just as it was in September, the Indian Land housing market in October was all about new construction.
Indian Trail remained a seller’s market with just 2.2 months of inventory in October 2019. Despite an influx of new listings, which generated large increases in closed and pending sales during the month of October, total inventory was down 16.8% compared with the same month one year ago. And average days on market dropped to 33, down 21 days compared with one year ago. Clearly, there’s no slowdown in the demand for Indian Trail homes as we entered the fall selling season in earnest.
Matthews (28105 zip code) real estate report for October 2019. Matthews remained a seller’s market in October 2019 with the months supply of inventory remaining low at 2 months (down 20% year-over-year). Inventory was down 17.4% despite an increase in new listings of 28.4% in October. Both pending and closed sales increased dramatically in October 2019.
It’s still tight inventory and rising home prices in the Waxhaw area, which encompasses the towns of Waxhaw, Weddington, and Marvin in the 28173 zip code. Availability of new construction inventory was significantly down in October 2019. Resale inventory was also significantly down in October year-over-year, resulting in slight lower closed homes and home sale prices.
How did the Fort Mill and Tega Cay housing markets do in September 2019? The Fort Mill and Tega Cay, SC housing markets remained seller markets in September 2019 with three months or less of inventory in both towns. Overall housing inventory in Fort Mill was down year-over-year, despite an increase in new listings. However, the increase in new listings helped bump up Fort Mill’s closed sales in September. Tega Cay saw a significant increase in new listings and inventory resulting in increased closed and pending sales.