Fort Mill, SC homes for saleJune 2017 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte, NC metro region had a solid performance in the last month of the second quarter as compared with the same period one year ago, continuing the trends we saw all year in 2016 and through the first half of 2017 with sales prices increasing, closed and pending sales up and inventory continuing to decrease.

The average sale price of Fort Mill area homes increased by 5.3% to just over $315,000 compared with June 2016, while average days on market for property listings dropped by 4 days to 49 days, a 7.5% improvement over the same period last year. Price per square foot also increased by 6.0% to $124/square foot during June 2017 versus the same period in 2016.

Tega Cay, SC Homes For Sale

In Tega Cay, average home sale prices were up 2.8% to just under $338,000 versus June 2016, while days on market decreased by 6 days to 67 days. Price per square foot in Tega Cay increased by 4.1% to $127/square foot in June 2017.

 

 

Closed sales of homes in Fort Mill during June 2017 improved by double digits by 13.3% compared with the same period last year. In Tega Cay, closed sales also increased by double digits by 11.7% versus June 2016. Pending sales in June 2017 were up as well -- by 9.1% in Fort Mill and up by 6.8% in Tega Cay versus June 2016.

The average percent of original list price that sellers received for their homes was 97.1% in Fort Mill and 96.0% in Tega Cay, showing relatively little negotiating room on both Fort Mill and Tega Cay homes.

The Fort Mill/Tega Cay area's months supply of homes as compared with one year ago is 2.6 months (down 18.8%) and 4.2 months (down 17.6%), respectively--indicating a seller's market in the Fort Mill/Tega Cay areas of South Carolina.  New listings increased 3.9% in Fort Mill and by 1.1% in Tega Cay in June 2017. 

As we enter the third quarter of 2017, it seems safe to assume that housing inventory in Fort Mill and Tega Cay will remain relatively tight and that homes will continue to sell quickly and close to asking price for the forseeable future.

 

Fort Mill/Tega Cay, SC Areas Local Market Update - June 2017

 

 

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE
 

SEARCH ALL TEGA CAY, SC AREA HOMES HERE

 

WONDERING WHAT YOUR FORT MILL AREA HOME IS WORTH?
 

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

 

  

Previous Fort Mill/Tega Cay, SC Housing Market Updates:
 

Fort Mill/Tega Cay Housing Market Update: May 2017

Fort Mill/Tega Cay Housing Market Update: April 2017

Fort Mill/Tega Cay Housing Market Update: March 2017 

Fort Mill/Tega Cay Housing Market Update: February 2017 

Fort Mill/Tega Cay, SC Housing Market Update: January 2017 

Fort Mill/Tega Cay, SC Housing Market Update: December 2016

Fort Mill/Tega Cay, SC Housing Market Update: November 2016

Fort Mill/Tega Cay, SC Housing Market Update: October 2016

Fort Mill/Tega Cay, SC Housing Market Update: September 2016 

 Fort Mill/Tega Cay, SC Housing Market Update: August 2016

Fort Mill/Tega Cay, SC Housing Market Update: July 2016

Fort Mill/Tega Cay, SC Housing Market Update: June 2016

 

This Charlotte, North Carolina real estate monthly update for Fort Mill and Tega Cay is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants. 

 

If you are considering selling or purchasing a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:

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