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Tega Cay, South Carolina remained a home seller’s market in October 2020. Tega Cay’s housing market experienced much lower inventory levels and days on market in the month of October, along with much higher home sale prices. Buyer demand for Tega Cay homes continues to outstrip supply of homes for sale.
Fort Mill’s housing market (29715 and 29708 zip codes) was unquestionably a home seller’s market in October 2020, characterized by much lower inventory, lower months supply of housing, lower days on market, higher sale prices, and higher pending and closed sales.
Indian Land, South Carolina housing market unquestionably remained a seller’s market in October 2020, despite the ongoing pandemic. Home prices increased, homes sold quickly with both average and median days on market lower. Despite an increase in new listings, the months supply of homes was low at 1.3 months and inventory also dropped by more than 45% year-over-year.
Indian Trail has recovered well from the negative affects of the corona virus we saw earlier in 2020. Year-over-year, home prices increased while days on market decreased. Housing inventory is razor-thin and Indian Trail will need a significant increase in inventory to maintain this pace of home sales in the coming months. No doubt there’s plenty of pent-up buyer demand for Indian Trail area homes.
Matthews (28105 zip code) housing market remained a home seller’s market in October 2020, as evidenced by extremely low inventory and months supply of inventory, decreases in days on market, and lower sales due to lack of inventory. Pent-up buyer demand remains greater than the supply of homes to purchase.
The Waxhaw area housing market remained a seller’s market in October 2020 with continued decreases in inventory. With 51.3% less inventory, home sale prices increased and days on market decreased. The median percent of asking price that home sellers realized also increased. All of this kept the Waxhaw area a home sellers’ market.
October 2020 year-to-date saw a continued strengthening in the luxury housing market in the Charlotte region versus the same time frame in 2019, despite the ongoing pandemic. Home showings remained strong, home prices were up, inventory was down, months supply of homes were down, while closed and pending sales were up as were sale prices.
Ballantyne remained a seller’s market in October 2020. Months supply of inventory was down (35.3%) compared with October 2019 to 1.1 months supply. Housing inventory was down 41.4% year-over-year, resulting in lower days on market and higher closed and pending sales and higher home prices.
October 2020 saw a continued strengthening in the greater Charlotte region housing market, despite the ongoing pandemic. Home prices continued to increase. Days on market, inventory, and months supply of homes were dramatically lower than in October 2019. Individual counties in the greater Charlotte region — Mecklenburg, Union, Lancaster and York — essentially mirrored the overall housing market activity.
500+ top selling neighborhoods in the Charlotte area as of October 2020, where at least one home sold each month for the past 12 months. Plus a list of the 250 hottest selling neighborhoods in the city of Charlotte and in Mecklenburg County in September. Find out if your neighborhood is on these lists. What experts predict for home price appreciation in 2021 (video).
