September 2015 showed continued improvement in home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte metro region.
The average sale price of Fort Mill area homes increased by 6.1% to just under $293,000 compared with September 2014, while average days on market for property listings dropped by 11 days to 56 days, a 16.4% improvement over the same period last year. Price per square foot also increased by 2.8% to $112/square foot during September versus the same period in 2014. 
With respect to Tega Cay, average home sale prices were up 2.2% to $320,000 versus September 2014, while days on market were down to 62 days, a 20.5% improvement over last year.
Closed sales of homes in Fort Mill were up 2.4% compared with the same period last year with 1,300 homes closing in the month of September 2015. Pending sales in September 2015 were up 2.4% versus September 2014.
The average percent of original list price that sellers received for their homes was 96.9%, showing how little negotiating room there is on Fort Mill homes, with Tega Cay recording an average percent of original list price of just under 96.1%.
The Fort Mill/Tega Cay area's months supply of homes is 2.7 months and 4.4 months respectively--indicating a true seller's market in Fort Mill and Tega Cay, South Carolina. And with new listings increasing by just 1.6% in Fort Mill and 2.6% in Tega Cay in September 2015, we can only assume that housing inventory in Fort Mill/Tega Cay will remain tight and homes will continue to sell fast and close to asking price.
Fort Mill Area Local Market Update - September 2015
SEARCH ALL FORT MILL/TEGA CAY HOMES FOR SALE
WONDERING WHAT YOUR FORT MILL/TEGA CAY HOME IS WORTH?
Previous Fort Mill/Tega Cay Housing Market Updates:
-
August 2015: http://activerain.com/blogsview/4738882/what-s-happening-in-the-fort-mill-tega-cay-housing-market-august-2015
- July 2015: http://activerain.com/blogsview/4718351/july-2015-charlotte-area-housing-update-fort-mill-tega-cay-areas
- June 2015: http://activerain.com/blogsview/4699760/june-2015-charlotte-housing-market-update-fort-mill-sc-area
- April 2015: http://activerain.com/blogsview/4662713/april-2015-charlotte-housing-market-update-fort-mill-sc-area
- March 2015: http://activerain.com/blogsview/4644013/march-2015-charlotte-housing-market-update-fort-mill-sc-area
- February 2015: http://activerain.com/blogsview/4620662/february-2015-charlotte-housing-market-update-fort-mill-sc-area
- January 2015: http://activerain.com/blogsview/4599378/january-2015-charlotte-housing-market-update---fort-mill--sc-area
- December 2014: http://activerain.com/blogsview/4581464/december-2014-charlotte-housing-market-update---fort-mill--sc-area
- November 2014: http://activerain.com/blogsview/4557439/november-2014-charlotte-housing-market-update---fort-mill--sc-area
Comments(8)