Tega Cay, SC real estate report and housing market snapshot for October 2019. Tega Cay remains a seller’s market with lower inventory, fewer days on market, fewer new listings and just 2.4 months supply of homes. Both closed and pending sales were up substantially in October compared with one year ago.
Tega Cay Real Estate Report: October 2019
Latest news on the Tega Cay real estate market and what it means for you…
The Tega Cay housing market remained a seller’s market in October 2019 with just 2.6 months of inventory, down year-over-year and month-over-month. Housing inventory was down 13.2% year-over-year and new listings were down 13.3%.
Pending sales were up in Tega Cay (+63.6%) in October compared with one year ago. Tega Cay’s closed sales increased 37.5% year-over-year.
On average, homes sold in 50 days. Average days to sell decreased 42 days compared with October 2018. Median days on market were 30, also down 49 days year-over-year.
The average price of a sold home decreased 6.4%, while the median sale price increased 7.9%
Sellers received 96.5% 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.
If you’re considering selling or purchasing a home in the Charlotte metro area, I’d love an opportunity to earn your business, to exceed your expectations, and to show you how: