Tega Cay, South Carolina real estate report for December 2019. Tega Cay remained a seller’s market in December 2019 with tight inventory and just 2.3 months supply of homes. The tight inventory impacted pending sales negatively and kept closed sales flat year-over-year.
Tega Cay Real Estate Report: December 2019
Latest news on the Tega Cay real estate market and what it means for you…
Tega Cay, South Carolina real estate report/snapshot for December 2019. The Tega Cay housing market remained a seller’s market in December 2019 with just 2.3 months of inventory, down 4.2% year-over-year. Housing inventory was up 7.1% year-over-year (equal to 5 more homes on the market) and new listings increased 76.9% (equal to 10 additional home listings).
Pending sales were down in Tega Cay (-13.3%) in December compared with one year ago. equivalent to two fewer home sales. Tega Cay’s closed sales were flat year-over-year.
On average, homes sold in 71 days. Average days to sell decreased 45 days compared with December 2018. Median days on market were 68, up 4 days year-over-year.
The average price of a sold home decreased 5.4%, while the median sale price decreased 10.7%. As there is a large range of home prices in Tega Cay, this decrease is less indicative of home values dropping than of the price mix of homes sold in December. Price per square foot was $144, a $13 per square foot increase over December 2018.
Sellers received 96.7% of listing price in final sale price, showing some negotiating room for buyers.
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Note: If you don’t see your subdivision or complex, or the data looks incomplete, it’s because there weren’t enough properties sold in a given year.
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This Charlotte, North Carolina real estate monthly update for Tega Cay is provided byNina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Tega Cay/York County specialists and Charlotte metro area residential real estate experts. We’ve been opening doors for Tega Cay area home buyers and sellers for 20+ years.
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