Tega Cay, South Carolina remained a home seller’s market in September 2020. Tega Cay’s housing market experienced much lower inventory levels and days on market in the month of Septembe. Due to lack of inventory and new listings, closed sales were down. Buyer demand for Tega Cay homes continues to outstrip supply of homes for sale, as evidenced by higher pending sales in September.
Indian Trail has recovered well from the negative affects of the corona virus we saw in March, April, and May. Year-over-year, home sales and 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. But no doubt there’s been plenty of pent-up buyer demand for Indian Trail area homes.
September 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 September 2019. Individual counties in the greater Charlotte region — Mecklenburg, Union, Lancaster and York — essentially mirrored the overall housing market activity.
Indian Land, South Carolina housing market unquestionably remained a seller’s market in September 2020, despite the ongoing pandemic. Home prices increased, homes sold quickly with both average and median days on market lower. Months supply of homes was low at 1.3 months and inventory also dropped by more than 50% year-over-year.
Matthews (28105 zip code) housing market remained a home seller’s market in September 2020, as evidenced by extremely low inventory and months supply of inventory, decreases in days on market, and increased pending and closed sales. Pent-up buyer demand is still greater than supply of homes to purchase.
The Waxhaw area housing market remained a seller’s market in September 2020 with continued decreases in inventory. With 50% less inventory, home sale prices increased as did average and median prices of homes sold. The percent of asking price that home sellers realized also increased. All of this kept the Waxhaw area a home sellers’ market.
Ballantyne remained a seller’s market in September 2020. Months supply of inventory was sharply down (54.4%) compared with September 2019 to a 1 month supply. Housing inventory was down 54.4% year-over-year, resulting in lower days on market and higher pending sales. Both average and median home prices increased year-over-year.
September 2020 year-to-date saw a continued and solid 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.
Great Homes In Charlotte’s Fall 2020 Home Buyer Guide: “Things To Consider When Buying A Home” BEFORE buying a home this fall has arrived.
If you’re a home buyer, our 2020 Fall Home Buyer Guide will provide everything you need to know about why Fall 2020 is a good time to buy, how low interest rates are making homes more affordable, what steps to take now to be ready for the fall home selling season.