Tega Cay, South Carolina remained a home seller’s market in June 2020. The pandemic continued to impact Tega Cay’s housing with much lower inventory levels, days on market, closed sales, higher home prices. Buyer demand for Tega Cay homes continues to outstrip supply of homes for sale. with fewer new listings coming on market.
Indian Land, South Carolina housing market remained a seller’s market in June 2020 despite ongoing pandemic concerns. Home prices increased, homes sold quickly with median days on market just 14 days. Months supply of homes was low at 2 months and inventory also dropped year-over-year. Not many negotiating opportunities for home buyers in June.
Indian Trail appears to have recovered nicely from the negative affects of the corona virus 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.
Matthews (28105 zip code) housing market remained a home seller’s market in June 2020 as evidenced by extremely low inventory and months supply of inventory, decreases in days on market, and increased pending sales. Matthews’ housing market appears to be rebounding nicely from the early effects of the corona virus restrictions and pent-up buyer demand is still greater than supply of homes to purchase.
The pandemic continued to impact the Waxhaw area housing market in June 2020 with continued decreases in inventory. With less inventory, home sale prices increased, days on market and months supply of inventory decreased, while the percent of asking price that home sellers realized increased. All of this kept the Waxhaw area a home sellers’ market.
Ballantyne remained a seller’s market in June 2020. Months supply of inventory was sharply down (47.8%) compared with June 2019 to 1.2 months. Housing inventory was down 50.4% year-over-year, resulting in lower days on market and higher pending sales. Pandemic related issues contributed to contribute to the lack of inventory and lower closed sales in June.
Real estate news you can really use. July 2020 Newsletter with eight timely articles about the housing market and advice for home owners, home sellers, home buyers. This month’s newsletter focuses on information and the outlook for the housing recovery post-pandemic. See what the experts are predicting for an economic recovery in 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.