Fort Mill, SC Home Sales Skyrocket 40.7% In June 2021. Prices Up 27.7%

By
Real Estate Agent with Coldwell Banker Realty

Latest news on the Fort Mill real estate market in June and what it means for you...  

 

Fort Mill's housing market (29715 and 29708 zip codes) remained a seller's market in June with significantly lower inventory, lower months supply of housing, fewer days on market, and higher average and median home sale prices.

 

Pending sales decreased 11.2%, however closed sales skyrocketed 40.7% year-over-year in June. Lack of inventory limited the number of pending sales in June.

 

New listings increased just 2.2% in Fort Mill year-over-year.  Housing inventory dropped 60.5% year-over-year. The months supply of homes decreased 63.2% to just 0.7 months from 1.9 months in the same month one year ago and from 2.8 months in the same month two years ago. This shows that Fort Mill has been a seller's market for at least three years now.

 

Average days on market decreased 19 days to 15 days versus the same month one year ago.  Median days on market were 2, decreasing 8 days versus the same month one year ago. Newly listed homes continue to sell as fast as they come on the market.

 

Pent-up demand for Fort Mill homes was also evident in the number of average showings per listing in June 2021. On average, listed homes had 19.1 showings, up 78.5% from 10.7 showings in June 2020. In June 2019 listed homes had an average of 8.5 showings. Clearly, it's a matter of more buyers "chasing" after fewer homes.

 

Sellers received a median 102.4% of list price, up 3.3% year-over-year. Home buyers clearly had minimal negotiating room for Fort Mill homes.

 

Average home sale prices increased 27.7% in June 2021 versus June 2020.  Median home sale prices increased 22.9%. Average sale price was $449,460.  Median sale price was $399,900. Greater demand for homes than supply of homes continues to drive home prices up. Price per square foot increased to $181, up $33/square foot one, year-over-year.

 

 

Want to know what this would mean for your family if you decide to buy or sell a Fort Mill home?    

Have questions about Fort Mill real estate? Call Nina Hollander for answers.

We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION.

A consultation with Carolinas Realty Partners is FREE.     

 

MORE DETAILS ON THE FORT MILL HOUSING MARKET'S PERFORMANCE

 

 FORT MILL HOUSING MARKET HIGHLIGHTS:

JUNE 2021 VS JUNE 2020

 

Fort Mill SC Housing Market Highlights June 2021

      

Did you know... 

Fort Mill has been ranked as the #6 best Charlotte suburb to live in and #7 in the North Carolina region/area as a best suburb to live in?

 

Why not check out...

THE 6 HOTTEST FORT MILL/TEGA CAY, SC NEIGHBORHOODS 

  Hottest Selling Fort Mill, SC Neighborhoods  

SEARCH ALL FORT MILL, SC AREA HOMES HERE

 

 

  FREE Home Buyer Guide "Things To Consider When Buying A Home" 

 

WONDERING WHAT YOUR FORT MILL AREA HOME IS WORTH?

  What's My Fort Mill, SC Home Worth?  

Contact us if you'd like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

We're happy to provide an expert home value analysis with no obligation on your part.

 FREE Home Seller Guide: "Things To Consider When Selling Your House"

 

THINKING OF SELLING YOUR FORT MILL HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

ASK US ABOUT COLDWELL BANKER'S REALVITALIZE PROGRAM

RealVitalizeSM is an exclusive Coldwell Banker program that helps with improvements and repairs to prepare your home for sale. We cover upfront costs and get paid back when your home sells. No hidden fees, interest charges or markups.

 

RealVitalize Home Improvement Program By Coldwell Banker

 

MEDIAN HOME PRICE TRENDS IN FORT MILL, SC

   

This Greater Charlotte, North Carolina real estate monthly update for Fort Mill, SC is provided by  Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Greater Charlotte 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 why experience matters and how:

 "The Right Broker Makes All The Difference."

 

 

 

Read the original post at: www.GreatHomesInCharlotte.com 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (22)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will love your outstanding local real estate reports.

Jul 29, 2021 10:01 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- when I see the numbers, my mind is boggled!!!  I can't help but wonder what will happen down the road. 

Jul 29, 2021 10:26 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina it is amazing how long this super strong Sellers Market has lasted in your area.

Jul 29, 2021 10:34 AM
Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Nina,

WOW, Fort Mill is on FIRE!

Jul 29, 2021 01:05 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley hi Roy... and thanks for stopping by today. Always good to "see" you.

Jul 29, 2021 01:16 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... that's what people have been asking for months... and somehow we continue to chug along!

Jul 29, 2021 01:16 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto hi George... we've been pretty much a seller's market for going on 5 years, but the last year has been nuts.

Jul 29, 2021 01:17 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Salvatore - YVP Blog hi Bill... Fort Mill has always been on fire to some degree... right now it's like a forest fire!

Jul 29, 2021 01:18 PM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Home prices in Fort Mill are following similar trends to what we are seeing in Central Oregon. Upwards.  Do you see an end in sight?

Jul 29, 2021 01:33 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Happy to hear that people are still buying.  Some of the frenzy has slowed down, and more for sale signs are appearing, as have price reductions.  A

Jul 29, 2021 01:43 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lynnea Miller hi Lynnea... I don't see an end in sight until we get more inventory. What I can see coming is the pace of sales slowing because there's nothing to buy.

Jul 29, 2021 01:44 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Soaring prices might be good for sellers but it place a burden on the economy and inflation Nina Hollander, Broker 

Jul 29, 2021 09:23 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

I agree with Bill Salvatore - YVP Blog, that area is on fire.

Jul 30, 2021 12:22 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... I've been seeing price reductions for a bit now... mostly on homes where sellers thought they could ask for the sun, moon, and stars because it's a hot market. I've been telling my own clients the market will punish you for getting crazy on price.

Jul 30, 2021 04:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS good morning, Paul... this is Economics 101 from my freshman year at university... as supplies go down and demand goes up, prices will rise.

Jul 30, 2021 04:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

James Dray good morning, James... Fort Mill is on fire... but then you look at the drop in pending sales and you have to wonder how much the market could slow down because there's nothing to buy.

Jul 30, 2021 04:05 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, you are right Fort Mill remains a HOT market, and buyers and sellers need a top-notch REALTOR to assist them --- LIKE YOU!

Jul 30, 2021 07:30 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... I remember a time when I'd suggest to buyers that they consider Fort Mill, they had no clue what or where it was! That is not an issue now.

Jul 30, 2021 12:41 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Fort Mill home buyers and sellers are sure to value your real estate market report, Nina.

Jul 30, 2021 07:51 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat good Saturday morning, Myrl... thanks for stopping by. I'm wishing you a lovely weekend ahead.

Jul 31, 2021 04:47 AM