Charlotte Region Real Estate Report: June 2020

Charlotte Region Housing Market Snapshot June 2020

June 2020 saw a solid strengthening in the housing market in the Charlotte region despite the ongoing pandemic. Home showings were up, home prices were up, inventory was down dramatically, pending sales were up. Housing market snapshots for Mecklenburg, Union, Lancaster and York Counties.

Tega Cay Real Estate Report: May 2020

Tega Cay Housing Market Update May 2020

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 Real Estate Report: May 2020

Fort Mill, SC Real Estate Update May 2020

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 Land Real Estate Report: May 2020

Indian Land Housing Market Update May 2020

The Indian Land housing market remained a seller’s market with 2.2 months supply of homes. Corona virus impacted home inventory, months supply of homes, new listings, closed sales negatively. Lack of inventory caused home prices and pending sales to increase.

Indian Trail Real Estate Report: May 2020

Indian Trail (28079 Zip Code) Housing Market Report May 2020

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.

Matthews Real Estate Report: May 2020

Matthews (28105 Zip Code) Housing Market Update May 2020

Matthews homes sales were significantly impacted in May 2020 by corona virus restrictions, which prohibited all in-person home showings in Matthews from late March to mid-May. As a result closed sales, new listings, inventory, months supply of homes, all dropped compared with May 2019. Given the lack of inventory, no surprise that average and median home sale prices increased. Home showings increased 163.3% from April 2019 and also year-over-year indicating pent-up buyer demand for Matthews homes.

Ballantyne Real Estate Report: May 2020

Ballantyne area housing market update may 2020

Ballantyne remained a seller’s market in May 2020. Months supply of inventory was sharply down (47.8%) compared with May 2019 to 1.2 months. Housing inventory was down 47.1% year-over-year, resulting in much lower days on market and higher home prices. COVID-19 restrictions contributed to lack of inventory and lower closed and pending sales in May.

Tega Cay Real Estate Report: April 2020

Tega Cay Home Sales Update April 2020

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, lower days on market, 45% fewer home showings, and lower closed and pending sales in April 2020 compared with April 2019.

Fort Mill Real Estate Report: April 2020

Fort Mill SC Home Sales Report April 2020

Fort Mill’s housing market (29715 and 29708 zip codes) definitely felt the impact of COVID-19 stay-at-home restrictions in April 2020, characterized by much lower inventory, fewer new listings, lower months supply of housing, and fewer closed and pending sales, while home prices increased compared with April 2019. Showings of homes dropped 79% in April year-over-year.

Indian Land Real Estate Report: April 2020

Indian Land SC Real Estate Snapshot April 2020

The Indian Land housing market remained a seller’s market with 2.4 months supply of homes. Corona virus restrictions significantly impacted home showings (down 40% compared with April 2019). As a result closed sales, inventory of homes, days on market, months supply of homes were all down and home prices were up. The bright spot was an increase in pending sales despite pandemic restrictions.