June 2015 showed continued significant improvement in home sales in the Fort Mill, South Carolina area (which also includes Tega Cay) of the Charlotte metro region.
The average sale price of Fort Mill area homes increased by 9.2% to just over $288,000 compared with June 2014, while average days on market for property listings dropped by 19 days to 60 days, a significant 24.1% improvement over the same period last year. Price per square foot also increased by 4.9% to $108/square foot during June versus the same period in 2014.
Closed sales of homes in Fort Mill/Tega Cay were up double digits to 12.3% compared with the same period last year with 1,403 homes closing in the month of June 2015. Pending sales in June 2015 were also up by double digits--12.1% versus June 2014.
The average percent of original list price that sellers received for their homes was 96.5%, showing how little negotiating room there is on Fort Mill/Tega Cay homes.
The Fort Mill/Tega Cay area's months supply of homes is 3.2 months--indicating a true seller's market in Fort Mill and Tega Cay, South Carolina. And with new listings down in June 2015 by 1.2%, we can only assume that housing inventory in Fort Mill will remain tight and homes will continue to sell fast and close to asking price.
SEARCH ALL FORT MILL/TEGA CAY, SC HOMES FOR SALE
WONDERING WHAT YOUR FORT MILL OR TEGA CAY, SC HOME IS WORTH?
Previous Fort Mill Housing Market Updates:
- 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
This Charlotte, North Carolina real estate monthly update for Fort Mill and Tega Cay is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants.
If you are considering selling or purchasing a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:
"The Right Broker Makes All The Difference."
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