Fort Mill, South Carolina Real Estate Report/Housing Market Snapshot: December 2019
Latest news on the Fort Mill real estate market and what it means for you...
Fort Mill real estate report and housing market snapshot for December 2019. The Fort Mill housing market (29715 and 29708 zip codes) remained a seller's market in December 2019, characterized by decreasing inventory, fewer new listings and lower months supply of housing (1.9 months down from 2.5 months one year ago) compared with December 2018.
Pending sales dropped 21.7%in Fort Mill in December compared with the same month one year ago. Closed sales dropped 1.4% in Fort Mill compared with the same month one year ago. Lack of inventory and new listings were contributors to the weakness in pending and closed sales.
New listings decreased 41.2% in Fort Mill. Housing inventory dropped 7.9% year-over-year.
Average days on market increased 12 days to 63 versus the same month one year ago. Median days on market were 33, also increasing 8 days versus the same month one year ago.
Sellers received 97.9% of list price, showing relatively little negotiating room for Fort Mill homes.
While both average home sale prices increased 10.4% in December 2019 versus December 2018, while median home sale prices increased 5.2%. Average sale price was $350,453 and median sale price was $305,000.
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MORE DETAILS ON HOW THE FORT MILL HOUSING MARKET PERFORMED IN DECEMBER 2019
FORT MILL HOUSING MARKET HIGHLIGHTS:
DECEMBER 2019 VERSUS DECEMBER 2018
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MEDIAN HOME PRICE TRENDS IN FORT MILL, SC
This Charlotte, North Carolina real estate monthly update for Fort Mill, SC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts and Fort Mill specialists. We've been opening doors for Fort Mill home buyers and sellers for 20+ years.
If you're considering selling or purchasing a home in the Fort Mill 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 Fort Mill, SC Housing Market Updates:
Fort Mill Housing Market Update: November 2019
Fort Mill Housing Market Update: October 2019
Fort Mill Housing Market Update: September 2019
Fort Mill Housing Market Update: August 2019
Fort Mill Housing Market Update: July 2019
Fort Mill Housing Market Update: June 2019
Fort Mill Housing Market Update: May 2019
Fort Mill Housing Market Update: April 2019
Fort Mill Housing Market Update: March 2019
Fort Mill Housing Market Update: February 2019
First published at: https://www.greathomesincharlotte.com
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