Fort MIll’s housing market remained a seller’s market in October 2019 evidenced by decreasing inventory or homes, lower months supply of housing, fewer days on market. New listings were up slightly. Closed and pending sales increased 11.8% and 23.6%, respectively. Buyer demand for homes in Fort Mill continues to outstrip supply.
Fort Mill Real Estate Report: October 2019
Latest news on the Fort Mill real estate market and what it means for you…
The Fort Mill housing market (29715 and 29708 zip codes) remained a seller’s market in October 2019, characterized by decreasing inventory and lower months supply of housing (2 months down from 2.9 one year ago) compared with October 2018.
Pending sales increased in Fort Mill (+23.6%) in October compared with the same month one year ago. Closed sales increased 11.8% in Fort Mill compared with the same month one year ago.
New listings increased minimally by 2.1% in Fort Mill and sold quickly with average days on market dropping 10 days to 40 days versus the same month one year ago. Median days on market were 18, also dropping 10 days versus the same month one year ago. New listings of resale homes dropped 7.6% versus an increase of 29.1% in new construction homes.
Sellers received 98.6% of list price, showing relatively little negotiating room for Fort Mill homes.
While both average and median home sale prices were down in October 2019 versus October 2018, this is less a reflection of home values in Fort Mill decreasing than of the mix of homes listed for sale. Average sale price was $351,765 (-1.2%) and median sale price was $315,000 (-7.4%).
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Whether You’re Buying Or Selling A Fort Mill Home…
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This Charlotte, North Carolina real estate monthly update for Fort Mill is provided byNina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Fort Mill/York County specialists and Charlotte metro area residential real estate experts. We’ve been opening doors for Fort Mill area home buyers and sellers for 20+ years.
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