Fort Mill’s housing market (29715 and 29708 zip codes) unquestionably remained a home seller’s market in February 2021, characterized by much lower inventory, razor-thin months supply of housing, fewer days on market, higher sale prices, with closed and pending home sales suffering from the lack of inventory.
February 2021 saw continued strengthening in the luxury homes market in the Charlotte region versus February 2020, despite the ongoing pandemic. Inventory and months supply of luxury homes were significantly down, as were average and median days on market. Pending and closed sales were up significantly year-over-year. The luxury home market in Charlotte is now definitely a seller’s market compared with one year ago when it was more of a balanced market.
Indian Trail has recovered from the negative affects of the corona virus we saw early in 2020. Year-over-year, home prices increased by double digits, while days on market decreased 46 days. Housing inventory is razor-thin with a month’s supply of homes just barely over one-half month. Lack of inventory has caused a drop in closed and pending sales.
Matthews (28105 zip code) housing market remained a home seller’s market in February 2021, evidenced by extremely low inventory and less than a one month’s supply of inventory. Significant decreases in days on market and fewer new listings resulted in higher home prices. Pent-up buyer demand remains greater than the supply of homes to purchase and both closed and pending sales were down year-over-year.
The Waxhaw area housing market remained a seller’s market in February 2021 with continued significant decreases in inventory. With 70.6% less inventory year-over-year and fewer new listings, average days on market decreased, as did closed sales. All of this kept the Waxhaw area a home sellers’ market.
Ballantyne remained a seller’s market in February 2021. Months supply of inventory was down (54.5%) compared with February 2020 to 0.5 months supply. Housing inventory was down 59.2% year-over-year, resulting in lower days on market, higher median home prices with sellers receiving a median 100% of asking price in final sale price.
January 2021 saw continued strengthening in the luxury homes market in the Charlotte region versus January 2020, despite the ongoing pandemic. Inventory and months supply of luxury homes were significantly down, as were average and median days on market. Pending and closed sales were up significantly year-over-year.
500+ top selling neighborhoods in the Greater Charlotte area as of March 2021, where at least one home sold each month for the past 12 months. Plus a list of the 250 hottest selling neighborhoods in the city of Charlotte and in Mecklenburg County in March. Find out if your neighborhood is on these lists. What experts predict for the 2021 housing market (video).
January 2021 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 substantially lower than in January 2020. Mecklenburg, Union, Lancaster and York Counties in the Charlotte region essentially mirrored the overall housing market activity.