York County, SC Housing Market Report:
1st Quarter 2019
First Quarter 2019 York County, South Carolina home sales kept the county a seller's market with only 2.2 months of inventory. York County includes the cities and towns of Clover, Catawba, Fort Mill, Lake Wylie, Rock Hill, Tega Cay, and York.
During the first quarter of 2019, York County saw inventory and months supply of homes decrease compared with the same time frame one year ago. Days on market were flat, with homes selling in 49 days on average. Closed sales decreased, at least in part due to lack of affordable inventory. It should be pointed out that two of York County's fastest growing areas saw increases in closed sales, no doubt helped by an increase in new listings -- Fort Mill's closed sales were up 4.6%, while Clover's closed sales were up 15.9% compared with the first quarter one year ago. The average and median sale price of homes both increased in York County year-over-year.
In the first quarter of 2019, York County saw a:
- 3.3% increase in average sale prices (to 273,155) year-over-year.
- 2.0% increase in median sale price (to $244,900) year-over-year.
- 1.3% decrease in inventory of homes for sale year-over-year.
- 4.9% decrease in closed sales year-over-year.
- 7.5% decrease in the months supply of homes (2.2 months supply) year-over-year.
- Days on market year-over-year were were essentially flat at 49 day.
- 96.8% percent of original price received (flat year-over-year), indicating a small window of opportunity for buyers to negotiate on price.
DETAILED REPORT FOR YORK COUNTY HOUSING MARKET
This quarterly York County housing market update is brought to you by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts. We've been opening doors for York County home buyers and sellers for 20+ years.
If you're considering selling or purchasing a home in York County, I'd love an opportunity to earn your business, exceed your expectations, and to show you how: