Real Estate News You Can Use: July 2020 Newsletter

real estate news you can use from great homes in charlotte

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.

Charlotte Region 2019 Housing Market Quick Facts

Charlotte region remained a seller’s market in 2019. Low inventory, fewer new listings, lower days on market all resulted in higher home sale prices and a lower affordability index. With a strong economy and low interest rates, demand for homes continues to outpace availability of homes for sale.

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

Fort Mill Housing Market Snapshot September 2019

How did the Fort Mill and Tega Cay housing markets do in September 2019? The Fort Mill and Tega Cay, SC housing markets remained seller markets in September 2019 with three months or less of inventory in both towns. Overall housing inventory in Fort Mill was down year-over-year, despite an increase in new listings. However, the increase in new listings helped bump up Fort Mill’s closed sales in September. Tega Cay saw a significant increase in new listings and inventory resulting in increased closed and pending sales.

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

Fort Mill Housing Market Snapshot August 2019

How did the Fort Mill and Tega Cay housing markets do in August 2019? Both the Fort Mill and Tega Cay, SC housing markets remained seller markets in August 2019 with both towns having less than four months of inventory causing a drop in closed sales. In Fort Mill, new listings were down, as was inventory and the months supply of homes. In Tega Cay, the months supply of homes was down, while inventory increased slightly. A large increased in new listing in Tega Cay caused a large increase in pending sales in August.

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

Fort Mill SC Housing Market Snapshot July 2019

How did the Fort Mill and Tega Cay housing markets do in July 2019? Both the Fort Mill and Tega Cay, SC housing markets remained seller markets in July 2019, characterized by decreasing inventory and months supply of housing compared with July 2018. Pending sales were up in both Fort Mill (+8.7%) and Tega Cay (+5.1%) in July. Closed sales were up 6.7% in Fort Mill and in Tega Cay they increased 18.2%. New listings were down substantially in Fort Mill (-16%), but up in Tega Cay (+66.7%). On average, homes are selling in under 60 days in both towns.

Charlotte Region Real Estate Report: July 2019

Charlotte Region Housing Market Snapshot July 2019

Charlotte, NC region real estate report and housing market snapshot for July 2019. Charlotte region remained a seller’s market in July 2019 with inventory remaining extremely tight, dropping 15.3% compared July 2018. 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 slightly, but pending sales were up 15.9% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.3 months (down 14.8% year-over-year) and even lower for homes priced under $200,000. Year-to-date trends are all also showing higher home sale prices, higher sales, and tight inventory.

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.

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.

Charlotte Region Housing Update & Video: May 2019

Charlotte Region Housing Market Snapshot May 2019

May 2019 Charlotte region housing update + video. Charlotte region remained a seller’s market in May 2019 with inventory remaining extremely tight and lower than one year ago, resulting in higher home list and sale prices due to continued high buyer demand. Closed sales were up slightly, but pending sales were up 17.3% 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.