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Did Corona Virus Affect Tega Cay, SC Home Sales In April 2020?
 
 
Tega Cay, South Carolina Real Estate Report/Housing Market
At A Glance: April 2020
 
Latest news on how corona virus affected the Tega Cay real estate market in April and what it means for you...
 
Tega Cay, South Carolina housing market was definitely impacted by corona virus stay-at-home restrictions as evidenced by key indicators such as lower months supply of homes, less housing inventory, fewer new listings, lower days on market, 45% fewer home showings, and lower closed and pending sales in April 2020 compared with April 2019.
 
Tega Cay's months of  housing inventory was 3.1 months, down 22.5% year-over-year from 4 months in April 2019; housing inventory was down 11.5% year-over-year and new listings were down 10.2% year-over-year.
 
Pending sales decreased 20.5% in Tega Cay in April 2020  compared with one year ago. Tega Cay's closed sales decreased 30.3% year-over-year. Home showings were down substantially (45%) in April 2020 compared with the same month one year ago. There were 385 home showings in Tega Cay in April 2020 versus 845 showings in April 2019.
 
On average, homes sold in 32 days, down 49 days compared with the same month one year ago and down 18 days from the month of March 2020. Median days on market were 7, down 24 days year-over-year and ... more

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