Fort Mill/Tega Cay Housing Markets: June 2019. How Did They Do?

Tega Cay Housing Snapshot June 2019

How did the Fort Mill and Tega Cay housing markets do in June 2019? Both the Fort Mill and Tega Cay, SC housing markets remained seller markets in June 2019, characterized by decreasing inventory and months supply of housing compared with June 2018. Pending sales were up considerably in both Fort Mill (+64.9%) and Tega Cay (+35%) in June. While closed sales were down 5% in Fort Mill, in Tega Cay they increased 7%. Median days on market have homes selling in under 18 days in both Fort Mill and Tega Cay. New listings increased in both towns.

Indian Land Housing Update/Video: June 2019

Indian Land Housing Report June 2019

Indian Land, SC housing market (29707 zip code) update for June 2019. The Indian Land housing market remains a seller’s market with just 3.1 months supply of inventory overall, but with only 2.1 months supply of resale homes. While new listings increased 4%, most of the increase was from new construction. Moreover, resale home inventory dropped 28.7% in June versus the same month one year ago. Average sale prices in June were relatively flat, while the median sale price of Indian Land homes increased 6.8% in June 2019, with new construction homes selling at about $40,000 more on average than resale homes. With home sellers getting 97.9% of selling price, not much room for buyers to negotiate. Pending sales increased almost 29% year-over-year, while closed sales were down 3%, most likely due to lack of resale inventory.

Charlotte Region Housing Update & Video: June 2019

Charlotte Region Housing Snapshot June 2019

June 2019 Charlotte region housing update + video. Charlotte region remained a seller’s market in June 2019 with inventory remaining extremely tight and dropping 14% compared with the same time period one year ago. Lack of inventory and new listings resulted in higher home list and sale prices year-over-year, year-to-date, and month-over-month. Closed sales were down, but pending sales were up 16.3% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.3 months and even lower for homes priced under $200,000. Year-to-date trends are all also showing increased prices, higher sales, and tight inventory.

Southwest Charlotte/Steele Creek Housing Update: May 2019

Southwest Charlotte/Steele Creek housing update for May 2019. Charlotte, North Carolina’s Southwest/Steele Creek areas (28273 and 28278 zip codes) remain fundamentally seller markets with tight inventory and homes selling at higher prices. The Steele Creek area (28273) had less than one month of inventory in May. Both areas saw a significant decrease in new listings. Tight inventory contributed to lower closed sales. Minimal room for buyers to negotiate with 28273 zip code sellers receiving 99.5% of list price and 28278 zip code sellers receiving 98.5% of list price.

Fort Mill/Tega Cay Housing Markets: May 2019. How Did They Do?

Tega Cay Housing Market Snapshot May 2019

How did the Fort Mill and Tega Cay housing markets do in May 2019? Both the Fort Mill and Tega Cay, SC housing markets remained seller markets in May 2019, characterized by decreasing inventory and months supply of housing compared with May 2018. Homes in both Fort Mill and Tega Cay sold more quickly both in May 2019 as compared with May 2018 and compared with the prior month of April. Pending sales were up considerably in both Fort Mill (+25.1%) and Tega Cay (+44.1%) in May. While closed sales were down somewhat in Fort Mill, in Tega Cay they increased 21.9%.

Indian Land Housing Update/Video: May 2019

Indian Land Housing Market Snapshot May 2019

Indian Land, SC housing market (29707 zip code) update for May 2019. The Indian Land housing market remains a seller’s market with just 3.3 months supply of inventory overall, but with only 2.4 months supply of resale homes. While new listings increased 10.1%, new listings of resale homes fell by 9.7%. Moreover, resale home inventory dropped 30.3% in May. Both the average and median sale price of Indian Land homes increased in May 2019, with new construction homes selling at about $20,000 more on average than resale homes. With home sellers getting 98.1% of selling price, not much room for buyers to negotiate. Both closed sales and pending sales increased in May compared with the same month one year ago.

Southwest Charlotte/Steele Creek Housing Update: April 2019

Southwest Charlotte/Steele Creek housing update for April 2019. Charlotte, North Carolina’s Southwest/Steele Creek areas (28273 and 28278 zip codes) remain fundamentally seller markets with tight inventory and homes selling at higher prices. The Steele Creek area (28273) had just 1.4 months of inventory in April. Fortunately, both areas had an increase in new listings in April. But little room for buyers to negotiate with 28273 zip code sellers receiving 100% of their ask price and 28278 zip code sellers receiving 98.5%.

Southwest Charlotte/Steele Creek Housing Update: March 2019

Southwest Charlotte/Steele Creek housing update for March 2019. Charlotte, North Carolina’s Southwest/Steele Creek area (28273 and 28278 zip codes) remain fundamentally seller markets with tight inventory, new listings decreasing, and homes selling at a higher price per square foot. The Steele Creek area (28273) had less than one month of inventory in March (down 29.8% year-over-year) and saw a decrease in new listings of 34% year-over-year. Clearly, this impacts closed and pending sales negatively.

Southwest Charlotte/Steele Creek Housing Update: February 2019

Southwest Charlotte/Steele Creek housing update for February 2019. Charlotte, North Carolina’s Southwest/Steele Creek area (28273 and 28278 zip codes) remain fundamentally seller markets with home prices and closed sales increasing and inventory decreasing. The Steele Creek area (28273) saw some significant decreases in pending sales in February due to a 44.9% increase year-over-year in home sale prices.