Fort Mill’s housing market remained a seller’s market in February 2020 evidenced by decreasing inventory of homes, lower months supply of housing, fewer days on market and fewer new listings coming on the market. Closed sales were down slightly in February, no doubt due to lack of inventory. Buyer demand for homes in Fort Mill continues to outpace supply causing an increase in both average and median home prices compared with February 2019.
Fort Mill Real Estate Report: February 2020
Latest news on the Fort Mill real estate market and what it means for you…
Fort Mill real estate report and housing market snapshot for February 2020. The Fort Mill housing market (29715 and 29708 zip codes) remained a seller’s market in February 2020, characterized by decreasing inventory, fewer new listings, lower days on market and lower months supply of housing (1.6 months down from 2.4 months one year ago) compared with February 2019.
Pending sales increased 4.9% in February. Closed sales dropped 2% year-over-year in February, mostly likely due to the lack of inventory coupled with fewer new listings and not due to a lack of demand for Fort Mill homes.
New listings decreased 16.1% in Fort Mill year-over-year. Housing inventory dropped 28.8% year-over-year.
Average days on market decreased 20 days to 41 days versus the same month one year ago. Month-over-month days on market also dropped — by 14 days. Median days on market were 14, decreasing 19 days versus the same month one year ago. Month-over-month, median days on market dropped by 24 days.
Sellers received 98.8% of list price, showing relatively little negotiating room for Fort Mill homes.
Average home sale prices increased 1.2% in February 2020 versus February 2019, while median home sale prices increased 1.5%. Average sale price was $341,332 and median sale price was $305,950.
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.
Fort Mill Housing Market Highlights: February 2020 vs February 2019
Median Home Price Trends In Fort Mill
Find Your Fort Mill Dream Home
Did you know…
Fort Mill has been ranked as the #6 best Charlotte suburb to live in and #7 in the North Carolina region as a best suburb to live in?
Why not check out… THE 10 HOTTEST FORT MILL AREA NEIGHBORHOODS!
FIND YOUR FORT MILL, SC AREA DREAM HOME
FREE Winter Home Buyer Guide “Things To Consider When Buying A Home,”
And don’t miss out on the newest home listings in Fort Mill. Sign up to receive email notification of homes as soon as they come on the market. You can customize your search to your specific needs and always be the first to know what’s coming on the market in the Fort Mill area.
FREE Winter Home Buyer Guide: “Things To Consider When Buying A Home”
What’s Your Fort Mill Home Worth?
Wondering what your Fort Mill home is worth in today’s market? Find out by clicking on the picture below.
If you’re thinking about selling your Fort Mill area home, let’s get together and discuss the supply conditions in your neighborhood and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.
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 this information with no obligation on your part.
FREE Winter Home Seller Guide: “Things To Consider When Selling Your House”
THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE
Previous Fort Mill Housing Market Updates
Fort Mill Housing Market Update: January 2020
Fort Mill Housing Market Update: December 2019
Fort Mill Housing Market Update: November 2019
Fort Mill Housing Market Update: October 2019
Fort Mill Housing Market Update: September 2019
Fort Mill Housing Market Update: August 2019
Fort Mill Housing Market Update: July 2019
Fort Mill Housing Market Update: June 2019
Fort Mill Housing Market Update: May 2019
Fort Mill Housing Market Update: April 2019
Fort Mill Housing Market Update: March 2019
Whether You’re Buying Or Selling A Fort Mill Home…
… The Right Broker Makes All The Difference!
This Charlotte, North Carolina real estate monthly update for Fort Mill is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Fort Mill/York County specialists and Charlotte metro area residential real estate experts. We’ve been opening doors for Fort Mill area home buyers and sellers for 20+ years.
If you’re considering selling or purchasing a home in the Charlotte metro area, 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.”
- Fort Mill Real Estate Report: February 2020
- Fort Mill Housing Market Highlights: February 2020 vs February 2019
- Median Home Price Trends In Fort Mill
- Find Your Fort Mill Dream Home
- What's Your Fort Mill Home Worth?
- Previous Fort Mill Housing Market Updates
- Whether You're Buying Or Selling A Fort Mill Home...