Fort Mill’s housing market (29715 and 29708 zip codes) unquestionably remained a home seller’s market in February 2021, 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 Housing Market Snapshot: February 2021
Latest news on the Fort Mill real estate market in February 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 salesdecreased 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.
Want to know what this would mean for your family if you decide to buy or sell a Fort Mill home?
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