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.
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.
Fort Mill’s housing market remained a seller’s market in March 2020 evidenced by decreasing inventory of homes, lower months supply of housing, and fewer new listings coming on the market. Closed sales were down in March, no doubt due to lack of inventory. Average and median home sale prices were up year-over-year.
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’s housing market remained a seller’s market in January 2020 evidenced by decreasing inventory of homes, lower months supply of housing and fewer new listings coming on the market. Closed sales were down in January 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 January 2019.
Fort MIll’s housing market remained a seller’s market in December 2019 evidenced by decreasing inventory of homes, lower months supply of housing and significantly fewer new listings coming on the market. Closed and pending sales both were down 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 December 2018.
Fort MIll’s housing market remained a seller’s market in November 2019 evidenced by decreasing inventory of homes, lower months supply of housing, fewer days on market, and fewer new listings coming on the market. Closed and pending sales both were down due to lack of inventory. Buyer demand for homes in Fort Mill continues to outstrip supply and average home prices increased.
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.
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.
How did the Fort Mill and Tega Cay housing markets do in August 2019? Both the Fort Mill and Tega Cay, SC housing markets remained seller markets in August 2019 with both towns having less than four months of inventory causing a drop in closed sales. In Fort Mill, new listings were down, as was inventory and the months supply of homes. In Tega Cay, the months supply of homes was down, while inventory increased slightly. A large increased in new listing in Tega Cay caused a large increase in pending sales in August.
