March 2019 Charlotte region housing update. Charlotte region remained a seller’s market in March 2019 with inventory remaining extremely tight, resulting in higher home list and sale prices due to continued high buyer demand. Closed sales were down, but pending sales were up 12.4% year-over-year. The housing affordability index continued to decrease, as well. Months supply of homes remained very low at 2.2 months and even lower for homes priced under $200,000. Average sale prices have increased each month this year to-date.
How did the Fort Mill and Tega Cay housing markets do in March 2019? Both the Fort Mill and Tega Cay, SC housing markets remained seller markets in March 2019, characterized by decreasing inventory, decreasing months supply of housing, and decreasing new listings compared with March 2018. Average home prices increased year-over-year in Fort Mill and in Tega Cay.
February 2019 Charlotte region housing update. Charlotte region remained a seller’s market in February 2019 with inventory remaining tight, resulting in higher home list and sale prices due to continued high buyer demand. Closed sales were down slightly, but pending sales up 12.4%. Days on market were also down as compared with one year ago. The housing affordability index continues to decrease, as well. Months supply of homes is very low at 2.1 months, but even lower for homes priced under $200,000.
Fort Mill and Tega Cay, South Carolina Housing Market Update: February 2019. Both the Fort Mill and Tega Cay, SC housing markets remained seller markets in February 2019 characterized by decreasing inventory and months supply of housing in both areas, as well as decreasing days on market. Fort Mill home prices increased in February, as did closed and pending sales. Home prices decreased slightly in Tega Cay in February year-over-year, but increased significantly over the prior month.
4th quarter 2018 Charlotte, North Carolina region’s home sales continued the trends we’ve seen since 2015. Home buyers are finding the housing market very competitive with higher home prices and a lack of properties to buy. Buyers looking for a bargain are “hard pressed” to find one. Meantime, home sellers continue to sell their homes relatively quickly and for top dollar, when priced right for condition and location. With regional months supply of homes at 2.2 months, the Charlotte region remains very much a seller’s market.