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.
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.
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.
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.
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.
Tega Cay, South Carolina real estate report for December 2019. Tega Cay remained a seller’s market in December 2019 with tight inventory and just 2.3 months supply of homes. The tight inventory impacted pending sales negatively and kept closed sales flat year-over-year.
Tega Cay, South Carolina real estate report for November 2019. Cay remained a seller’s market in November 2019 with lower inventory, fewer days on market, fewer new listings and just 2.3 months supply of homes. Lack of inventory and new listings impacted both closed and pending sales negatively.
Tega Cay, SC real estate report and housing market snapshot for October 2019. Tega Cay remains a seller’s market with lower inventory, fewer days on market, fewer new listings and just 2.4 months supply of homes. Both closed and pending sales were up substantially in October compared with one year ago.
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.
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.
