Tega Cay, South Carolina Real Estate Report/Housing Market
At A Glance: December 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 December 2019. The Tega Cay housing market remained a seller's market in December 2019 with just 2.3 months of inventory, down 4.2% year-over-year. Housing inventory was up 7.1% year-over-year (equal to 5 more homes on the market) and new listings increased 76.9% (equal to 10 additional home listings).
Pending sales were down in Tega Cay (-13.3%) in December compared with one year ago. equivalent to two fewer home sales. Tega Cay's closed sales were flat year-over-year.
On average, homes sold in 71 days. Average days to sell decreased 45 days compared with December 2018. Median days on market were 68, up 4 days year-over-year.
The average price of a sold home decreased 5.4%, while the median sale price decreased 10.7%. 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 December. Price per square foot was $144, a $13 per square foot increase over December 2018.
Sellers received 96.7% of listing price in final sale price, showing some negotiating room for buyers.
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MORE DETAILS ON HOW THE TEGA CAY HOUSING MARKET PERFORMED IN DECEMBER 2019
TEGA CAY HOUSING MARKET HIGHLIGHTS:
DECEMBER 2019 COMPARED WITH DECEMBER 2018
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MEDIAN HOME PRICE TRENDS IN TEGA CAY, SC
Tega Cay on Lake Wylie is All About Location, Location, Location and Lifestyle, Lifestyle, Lifestyle!
This Charlotte, North Carolina real estate monthly update for Tega Cay, SC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts and Tega Cay specialists. We've been opening doors for Tega Cay home buyers and sellers for 20+ years.
If you're considering selling or purchasing a home in the Tega Cay area or anywhere in the Charlotte metro region, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:
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Previous Tega Cay Housing Market Updates
Tega Cay Housing Market Update: November 2019
Tega Cay Housing Market Update: October 2019
Tega Cay Housing Market Update: September 2019
Tega Cay Housing Market Update: August 2019
Tega Cay Housing Market Update: July 2019
Tega Cay Housing Market Update: June 2019
Tega Cay Housing Market Update: May 2019
Tega Cay Housing Market Update: April 2019
Tega Cay Housing Market Update: March 2019
Tega Cay Housing Market Update: February 2019
Tega Cay Housing Market Update: January 2019
First published at: https://greathomesincharlotte.com/housing-market-reports-updates/tega-cay-real-estate-december-2019/
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