Fort Mill’s housing market (29715 and 29708 zip codes) remained a home seller’s market in September 2021. Lower inventory and months supply of housing, fewer days on market, higher sale prices, higher list to sale price ratios all characterized the Fort Mill seller’s market in September. Inventory remains low and buyer demand has not abated.
Fort Mill Housing Market Snapshot: September 2021
Latest news on the Fort Mill real estate market in September 2021 and what it means for you…
Fort Mill’s housing market (29715 and 29708 zip codes) remained a seller’s market in September with lower inventory, lower months supply of housing, fewer days on market, and higher average and median home sale prices compared with the same month one year ago.
Pending sales decreased 28.7%. Closed salesdropped 17.5% year-over-year in September. Lack of inventory limited the number of pending and closed sales in September.
New listings decreased 23.7% in Fort Mill year-over-year. Housing inventory dropped 35.0% year-over-year. The months supply of homes decreased 35.7% to 0.9 months from 1.4 months in the same month one year ago and from 2.4 months in the same month two years ago. Clearly, Fort Mill has been a seller’s market for at least three years now.
Average days on market decreased 8 days to 18 days versus the same month one year ago. Median days on market were 3, decreasing 3 days versus the same month one year ago and decreasing 16 days versus September 2019. Newly listed homes continue to sell as fast as they come on the market.
Pent-up demand for Fort Mill homes was also evident in the number of average showings per listing in September 2021. On average, listed homes had 16.6 showings, up 45.6% from 11.4 showings in September 2020. In September 2019 listed homes had an average of 7.1 showings. It’s a matter of more buyers “chasing” after fewer homes.
Sellers received a median 100.5% of list price, up 0.5% year-over-year. Home buyers had minimal negotiating room for Fort Mill homes.
Average home sale prices increased 7.5% in September 2021 versus September 2020. Median home sale prices increased 15.8%. Average sale price was $439,801. Median sale price was $402,000. Greater demand for homes than supply of homes continues to drive home prices up. Price per square foot increased to $184, up $31/square foot one, year-over-year.
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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