Tega Cay, South Carolina Real Estate Report/Housing Market
At A Glance: November 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 November 2019. The Tega Cay housing market remained a seller's market in November 2019 with just 2.3 months of inventory, down 17.9% year-over-year. Housing inventory was down 7.3% year-over-year and new listings were down 24%.
Pending sales were down in Tega Cay (-29.6%) in November compared with one year ago. Tega Cay's closed sales increased 85.7% year-over-year.
On average, homes sold in 55 days. Average days to sell decreased 23 days compared with November 2018. Median days on market were 34.
The average price of a sold home decreased 2.3%, while the median sale price decreased 3.9%. 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 November.
Sellers received 96.4% of listing price in final sale price, showing some negotiating room for buyers, although not much.
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MORE DETAILS ON HOW THE TEGA CAY HOUSING MARKET PERFORMED IN NOVEMBER 2019
TEGA CAY HOUSING MARKET HIGHLIGHTS:
NOVEMBER 2019 COMPARED WITH NOVEMBER 2018
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Tega Cay has been ranked as the #2 best Charlotte suburb to live in and #2 in the Charlotte region as a best suburb to live in?
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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: 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-november-2019/
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