Tega Cay, South Carolina real estate report for November 2019. Cay remained a seller’s market in November 2019 with lower inventory, fewer days on market, fewer new listings and just 2.3 months supply of homes. Lack of inventory and new listings impacted both closed and pending sales negatively.
Tega Cay Real Estate Report: November 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 November 2019. The Tega Cay housing market remained a seller’s market in November 2019 with just 2.3 months of inventory, down 17.9% year-over-year. Housing inventory was down 7.3% year-over-year and new listings were down 24%.
Pending sales were down in Tega Cay (-29.6%) in November compared with one year ago. Tega Cay’s closed sales increased 85.7% year-over-year.
On average, homes sold in 55 days. Average days to sell decreased 23 days compared with November 2018. Median days on market were 34.
The average price of a sold home decreased 2.3%, while the median sale price decreased 3.9%. 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 November.
Sellers received 96.4% of listing price in final sale price, showing some negotiating room for buyers, although not much.
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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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