Tega Cay, South Carolina Real Estate Report/Housing Market
At A Glance: January 2020
Latest news on the Tega Cay real estate market and what it means for you...
The Tega Cay housing market remained a seller's market in January 2020 with just 2.3 months of inventory, down 23.3% year-over-year from 3 months. Housing inventory was down 12.8% year-over-year and new listings decreased 11.1% year-over-year.
Pending sales increased 22.2% in Tega Cay in January compared with one year ago. Tega Cay's closed sales dropped 52.4% year-over-year.
On average, homes sold in 62 days, down 9 days compared with the same month one year ago. Median days on market were 25, down 24 days year-over-year and down 42 days month-over-month.
Average price of sold homes increased 20.4%, while the median sale price increased 25.6%. Price per square foot was $142, a $7 per square foot increase over January 2019.
Sellers received 98.2% of listing price in final sale price, showing minimal negotiating room for buyers.
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TEGA CAY HOUSING MARKET HIGHLIGHTS:
JANUARY 2020 VERSUS JANUARY 2019
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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, 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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