Indian Land, South Carolina housing market unquestionably remained a seller’s market in August 2021. Home prices increased substantially, homes sold quickly with average days on market significantly lower. The months supply of homes was critically low at 0.9 months. Inventory dropped 47.8% year-over-year. All this put downward pressure on closed and pending sales in August 2021.
Indian Trail remained a home seller’s market in August 2021. Year-over-year, home prices increased, while days on market decreased. Housing inventory was razor-thin with less than a one month’s supply of homes, despite an increase in new listings. Indian Trail homes sold as fast as they came on the market.
Matthews (28105 zip code) housing market remained a home seller’s market in August 2021, evidenced by extremely low inventory and just 7 days on market. Matthews homes are selling as quickly as they come on the market. Lack of inventory was a reason average and median home prices increased significantly in August 2021.
The Waxhaw area housing market remained a seller’s market in August 2021 with continued significant decreases in inventory. With 57.6% less inventory year-over-year and continued buyer demand, days on market were down, while home prices increased. Both closed and pending sales were down due to the lack of inventory and new listings.
Ballantyne remained a home seller’s market in August 2021. Months supply of inventory was down 53.8% compared with August 2020 with just a 0.6 months supply of homes. Housing inventory was down 51.4% year-over-year, resulting in fewer days on market, higher home prices with sellers receiving a median 103.2% of list price in sale price.
Charlotte region luxury home sales improved in August 2021 with a significant increase in closed sales. Inventory and the months supply of single family luxury homes were significantly down, as were average and median days on market. The luxury home market in Charlotte region remains a seller’s market compared with one year ago when it was more of a balanced market based on the months supply of luxury homes.
Tega Cay, South Carolina remained a home seller’s market in July 2021. Tega Cay’s housing market experienced much lower inventory levels and days on market in the month of July, along with higher average and median home sale prices. Buyer demand for Tega Cay homes continued to outstrip supply of homes with closed sales down due to lack of inventory. Buyer demand and lack of supply of homes show no signs of easing up.
Fort Mill’s housing market (29715 and 29708 zip codes) unquestionably remained a home seller’s market in July 2021. Lower inventory and months supply of housing, fewer days on market, higher sale prices, higher list to sale price ratios all characterized the Fort Mill seller’s market in July. Whatever impact the pandemic made on the Fort Mill housing market one year ago, it’s completely dissipated.
Charlotte Region real estate market in July 2021 saw home sales decrease 10.5% year-over-year, although sales were up 12.4% year-to-date. Lack of inventory is dampening sales momentum with demand for homes outpacing supply of homes. Days on market dropped significantly in July 2021, as did the months supply of homes and overall inventory.
Indian Land, South Carolina housing market unquestionably remained a seller’s market in July 2021. Home prices increased, homes sold quickly with average days on market significantly lower. The months supply of homes was critically low at 0.6 months. Inventory dropped 46.6% despite an increase in new listings. All this put downward pressure on closed and pending sales in July 2021.