Fort Mill/Tega Cay Housing Markets: July 2019. How Did They Do?

FORT MILL JULY 2019 HOUSING MARKET SNAPSHOT

TEGA CAY JULY 2019 HOUSING MARKET SNAPSHOT

• Average sale price of Fort Mill area homes increased 6.7% in July 2019 to just over $365,000 compared with July 2018. 
• Median sale price increased 0.8% to $331,750 in July 2019 versus July 2018. Median sale price in July 2019 was also $11,000 higher than in the previous month of June 2019.
• Average days on market for Fort Mill property listings were 52 days in July 2019, up 9 days compared with the same month one year ago.
• Median days on market in Fort Mill were 19 days in July 2019, an increase of 4 days compared with one year ago. 
• Price per square foot  for Fort Mill homes was $141/square foot in July 2019, up 5.2% year-over-year and increasing by $3 per square foot versus the month of July 2018.
• Closed sales of homes in Fort Mill during July 2019 increased 11.1% compared with July 2018.
• Pending sales in July  2019 were up 8.7% in Fort Mill compared with the same month one year ago.
• Median percent of original list price that sellers received for their homes in July was 98.3% in Fort Mill, indicating minimal negotiating room for buyers. 
• Months supply of homes dropped 26.7% to 2.2 months in July 2019, indicating predominantly a seller’s market in Fort Mill with overall inventory of homes dropping by 20% in July 2019.
• New listings in Fort Mill decreased 16% in July 2019 compared with July 2018.
  

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• Home sale prices averaged $375,496 for Tega Cay homes in July 2019, down 4.1% compared with July 2018. But average home prices increased in Tega Cay month-over-month.
• Median home sale prices were down 3.9% in July 2019 versus last year to just under $357,000.
• Average days on market in Tega Cay were 50, decreasing by 1 day in July 2019 compared with one year ago. 
• Median days on market in Tega Cay were 41 days, increasing in July 2019 by 25 days versus one year ago. 
• Price per square foot in Tega Cay was $139 in July 2019, down 0.7% per square foot compared with July 2018.
• Closed sales in Tega Cay increased 18.2% in July 2019 versus the same month one year ago, no doubt helped by the big increase in new listings during the month.
• Pending sales increased 5.1% in Tega Cay in July 2019 versus the same month one year ago.
• Median percent of original list price that sellers received for their homes in Tega Cay was 97%, showing some negotiating room for buyers in July 2019.
• Months supply of homes of homes in Tega Cay in July 2019 compared with one year ago was 3.6 months, down 12.2% compared with July 2018.
• Inventory of homes in July 2019 was down 7.7% compared with the same time period one year ago. This is on top of decreases in each of the first six months of 2019.
• New listings were up 66.7% year-over-year in Tega Cay in July 2019.
  

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Fort Mill/Tega Cay Housing Market Update: June 2019

Fort Mill/Tega Cay Housing Market Update: May 2019

Fort Mill/Tega Cay Housing Market Update: April 2019

Fort Mill/Tega Cay Housing Market Update: March 2019

Fort Mill/Tega Cay Housing Market Update: February 2019

Fort Mill/Tega Cay Housing Market Update: January 2019

Fort Mill/Tega Cay Housing Market Update: December 2018

Fort Mill/Tega Cay Housing Market Update: November 2018

Fort Mill/Tega Cay Housing Market Update: October 2018

Fort Mill/Tega Cay Housing Market Update: September 2018

Fort Mill/Tega Cay Housing Market Update: August 2018

… The Right Broker Can Make The Difference

This Charlotte, North Carolina real estate monthly update for Fort Mill and Tega Cay, SC is provided by  Nina Hollander and Carolinas Realty Partners, Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts and Fort Mill and Tega Cay specialists. We’ve been opening doors for Fort Mill and Tega Cay home buyers and sellers for 20+ years.

If you’re considering selling or purchasing a home in the Fort Mill and Tega Cay areas or anywhere in the Charlotte metro region, I’d love an opportunity to earn your business, to exceed your expectations, and to show you how:

 “The Right Broker Makes All The Difference.”