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.
Fort Mill’s housing market (29715 and 29708 zip codes) continued to feel the impact of COVID-19 restrictions in May 2020, characterized by much lower inventory, fewer new listings, lower months supply of housing, lower days on market, and fewer closed and pending sales, while home prices increased compared with May 2019. Showings of homes recovered well month-over-month, but were down 23% year-over-year.
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, lower days on market, 45% fewer home showings, and lower closed and pending sales in April 2020 compared with April 2019.
Fort Mill’s housing market (29715 and 29708 zip codes) definitely felt the impact of COVID-19 stay-at-home restrictions in April 2020, characterized by much lower inventory, fewer new listings, lower months supply of housing, and fewer closed and pending sales, while home prices increased compared with April 2019. Showings of homes dropped 79% in April year-over-year.
Tega Cay, South Carolina real estate report for March 2020. Tega Cay remained a seller’s market in March with less inventory, significantly fewer days on market, and a drop in months supply of homes to 2.8 from 4.2 months one year ago. Both closed and pending sales increased significantly, as did both average and median home sale prices.
Fort Mill’s housing market remained a seller’s market in March 2020 evidenced by decreasing inventory of homes, lower months supply of housing, and fewer new listings coming on the market. Closed sales were down in March, no doubt due to lack of inventory. Average and median home sale prices were up year-over-year.
Tega Cay, South Carolina real estate report for February 2020. Tega Cay remained a seller’s market in February with less inventory, fewer days on market, and a drop in months supply of homes to 2.6 from 3.4 months one year ago.. Both closed and pending sales increased significantly, although closed home sale prices were down a bit in February 2020.
Fort Mill’s housing market remained a seller’s market in February 2020 evidenced by decreasing inventory of homes, lower months supply of housing, fewer days on market and fewer new listings coming on the market. Closed sales were down slightly in February, no doubt due to lack of inventory. Buyer demand for homes in Fort Mill continues to outpace supply causing an increase in both average and median home prices compared with February 2019.
Tega Cay, South Carolina real estate report for January 2020. Tega Cay remained a seller’s market in January with tight inventory and just 2.3 months supply of homes. The tight inventory impacted closed sales negatively, although pending sales increased. Days on market were down in January 2020. Average and median sale priced increased significantly in the first month of 2020.
Fort Mill’s housing market remained a seller’s market in January 2020 evidenced by decreasing inventory of homes, lower months supply of housing and fewer new listings coming on the market. Closed sales were down in January no doubt due to lack of inventory. Buyer demand for homes in Fort Mill continues to outpace supply causing an increase in both average and median home prices compared with January 2019.
