Fort Mill Real Estate February 2021
Fort Mill real estate February 2021 (29715 and 29708 zip codes) unquestionably remained a home seller’s market, characterized by much lower inventory, razor-thin months supply of housing, fewer days on market, higher sale prices, with closed and pending home sales suffering from the lack of inventory.
Fort Mill Real Estate February 2021 Snapshot
Latest news on Fort Mill real estate February 2021 and what it means for you…
Fort Mill’s housing market (29715 and 29708 zip codes) remained a seller’s market in February with much lower inventory, lower months supply of housing, a decrease in new listings, higher average home sale prices, and lower pending and closed sales.
Pending sales decreased 5.1% and closed sales decreased 12.9% year-over-year in February. Lack of inventory is holding back increases in sales.
New listings decreased 6.8% in Fort Mill year-over-year. Housing inventory dropped 63.5% year-over-year. The months supply of homes decreased 61.1% to just 0.7 months from 1.8 months in the same month one year ago.
Average days on market decreased 20 days to 19 days versus the same month one year ago. Median days on market were 3, decreasing 9 days versus the same month one year ago.
Sellers received a median 100.8% of list price, up 1.4% year-over-year. Home buyers clearly had minimal negotiating room for Fort Mill homes.
Average home sale prices increased 3.9% in February 2021 versus February 2020, while median home sale prices increased 7.5%. Average sale price was $358,315 and median sale price was $325,000.
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FORT MILL REAL ESTATE HIGHLIGHTS
FEBRUARY 2021 vs FEBRUARY 2020
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Fort Mill has been ranked as the #6 best Charlotte suburb to live in and #7 in the North Carolina region/area as a best suburb to live in?
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MEDIAN HOME PRICE TRENDS IN FORT MILL, SC
This Greater Charlotte, North Carolina monthly Fort Mill real estate February 2021 update is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte residential real estate expert and Fort Mill specialist. I’ve been opening doors for Fort Mill home buyers and sellers since 1999.
If you’re considering selling or purchasing a home in the Fort Mill area or anywhere in the Charlotte metro region, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:
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