Tega Cay, South Carolina real estate report for January 2020. Tega Cay remained a seller’s market in January with tight inventory and just 2.3 months supply of homes. The tight inventory impacted closed sales negatively, although pending sales increased. Days on market were down in January 2020. Average and median sale priced increased significantly in the first month of 2020.
Tega Cay Real Estate Report: January 2020
Latest news on the Tega Cay real estate market and what it means for you…
Tega Cay, South Carolina real estate report/snapshot for January 2020. The Tega Cay housing market remained a seller’s market in January 2020 with just 2.3 months of inventory, down 23.3% year-over-year from 3 months. Housing inventory was down 12.8% year-over-year and new listings decreased 11.1% year-over-year.
Pending sales increased 22.2% in Tega Cay in January compared with one year ago. Tega Cay’s closed sales dropped 52.4% year-over-year.
On average, homes sold in 62 days, down 9 days compared with the same month one year ago. Median days on market were 25, down 24 days year-over-year and down 42 days month-over-month.
Average price of sold homes increased 20.4%, while the median sale price increased 25.6%. Price per square foot was $142, a $7 per square foot increase over January 2019.
Sellers received 98.2% of listing price in final sale price, showing minimal negotiating room for buyers.
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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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