Fort Mill Real Estate Report: October 2020

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.

Fort Mill Housing Market Snapshot: October 2020

Latest news on the Fort Mill real estate market in October and what it means for you…

 

Fort Mill Real Estate UpdateFort Mill’s housing market (29715 and 29708 zip codes) remained a seller’s market in October 2020 with much lower inventory, lower months supply of housing despite a small increase in new listings, higher home sale prices, and higher pending and closed sales.

 

Pending sales increased 5.3% and closed sales increased 35.8% year-over-year in October. 

 

New listings increased a scant 2% in Fort Mill year-over-year. Despite the increase in new listings, housing inventory dropped 58.4% year-over-year. The months supply of homes decreased 59.1% to just 0.9 months from 2.2 months in the same month one year ago.

 

Average days on market decreased 15 days to 25 days versus the same month one year ago. Median days on market were 6, decreasing 12 days versus the same month one year ago.  

 

Sellers received a median 100% of list price, up 1.3% year-over-year. Buyers had minimal negotiating room for Fort Mill homes.

 

Average home sale prices increased 6.5% in October 2020 versus October 2019, while median home sale prices increased 8.4%. Average sale price was $377,426 and median sale price was $346,450.

 

 

Want to know what this would mean for your family if you decide to buy or sell a Fort Mill home?

We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE

 

 

MORE DETAILS ON THE FORT MILL HOUSING MARKET’S PERFORMANCE

 

 FORT MILL HOUSING MARKET HIGHLIGHTS:

OCTOBER 2020 VS OCTOBER 2019

 

Fort Mill, SC Housing Market Update October 2020

 

 

 

Did you know… 

Fort Mill has been ranked as the #6 best Charlotte suburb to live in and #7 in the North Carolina region/area as a best suburb to live in?

Why not check out…

 

THE 10 HOTTEST FORT MILL/TEGA CAY, SC NEIGHBORHOODS 

 

Hot Fort Mill/Tega Cay Neighborhoods

 

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE

 

 

  FREE Home Buyer Guide “Things To Consider When Buying A Home” 

 

WONDERING WHAT YOUR FORT MILL AREA HOME IS WORTH?

 

What's My Home Worth?

 

Contact us if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

We’re happy to provide an expert home value analysis with no obligation on your part.

 FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

ASK US ABOUT COLDWELL BANKER’S REALVITALIZE PROGRAM

RealVitalizeSM is an exclusive Coldwell Banker program that helps with improvements and repairs to prepare your home for sale. We cover upfront costs and get paid back when your home sells. No hidden fees, interest charges or markups.

 

Coldwell Banker RealVitalize Program For Home Sellers

 

 

MEDIAN HOME PRICE TRENDS IN FORT MILL, SC

 

 

This Charlotte, North Carolina real estate monthly update for Fort Mill, SC is provided by  Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Charlotte metro area residential real estate experts and Fort Mill specialists. We’ve been opening doors for Fort Mill  home buyers and sellers for 20+ years.

 

If you’re considering selling or purchasing a home in the Fort Mill area or anywhere in the Charlotte metro region, I’d love an opportunity to earn your business, to exceed your expectations, and to show you how:

 “The Right Broker Makes All The Difference.”

 

Find Your Fort Mill Dream Home


[brew-blog-toc]