Tega Cay, South Carolina real estate report for March 2020. Tega Cay remained a seller’s market in March with less inventory, significantly fewer days on market, and a drop in months supply of homes to 2.8 from 4.2 months one year ago. Both closed and pending sales increased significantly, as did both average and median home sale prices.
Tega Cay Real Estate Report: March 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 March 2020. The Tega Cay housing market remained a seller’s market in March 2020 with 2.8 months of inventory, down 33.3% year-over-year from 4.2 months. Housing inventory was down 16.8% year-over-year, while new listings increased 4.1% year-over-year.
Pending sales increased 25.9% in Tega Cay in March 2020 compared with one year ago. Tega Cay’s closed sales increased 36.8% year-over-year.
On average, homes sold in 50 days, down 80 days compared with the same month one year ago and down 1 day from the month of February 2020. Median days on market were 15, down 75 days year-over-year and down 17 days month-over-month.
Average price of sold homes increased 11.1% to $396,394, while the median sale price increased 12.4% to $372,000 versus the same month one year ago. Price per square foot was $143, up $19/square foot year-over-year.
Sellers received 98.6% of listing price in final sale price (up 1.2% year-over-year), showing minimal opportunity for buyers to negotiate.
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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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