Fort Mill, SC Months Supply Of Homes Still Under One Month: Oct 2021

By
Real Estate Agent with Coldwell Banker Realty

Latest news on the Fort Mill, SC real estate market in October 2021 and what it means for you...  

Fort Mill's housing market (29715 and 29708 zip codes) remained a seller's market in October with lower inventory, lower months supply of housing, fewer days on market, and higher average and median home sale prices compared with the same month one year ago.

 

Pending sales increased 2.6%. Closed sales dropped 38.5% year-over-year in October. Lack of inventory limited the number of pending and closed sales in October.

 

New listings decreased 5.5% in Fort Mill year-over-year. Housing inventory dropped 37.4% year-over-year. The months supply of homes decreased 38.5% to 0.8 months from 1.3 months in the same month one year ago and from 2.2 months in the same month two years ago. The months supply of homes was also 0.1 months lower than in September 2021. Clearly, Fort Mill has been a seller's market for at least three years now.

 

Average days on market decreased 8 days to 17 days versus the same month one year ago.  Median days on market were 5, decreasing 1 day versus the same month one year ago and decreasing 13 days versus October 2019. Average days on market were also one day lower month-over-month. 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 October 2021. On average, listed homes had 15.8 showings, up 39.8% from 11.3 showings in October 2020. In October 2019 listed homes had an average of 6.8 showings. It's a matter of more buyers "chasing" after fewer homes.

 

Sellers received a median 101.3% of list price, up 1.3% year-over-year. Home buyers had minimal negotiating room for Fort Mill homes.

 

Average home sale prices increased 8.8% in October 2021 versus October 2020.  Median home sale prices increased 11.4%. Average sale price was $417,827. Median sale price was $387,500. Greater demand for homes than supply of homes continues to drive home prices up. Price per square foot increased to $184, up $34/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.

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MORE DETAILS ON THE FORT MILL HOUSING MARKET'S PERFORMANCE

 

 FORT MILL HOUSING MARKET HIGHLIGHTS:

October 2021 vs October 2020

Fort Mill, SC Real Estate Report: October 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 (18)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, sellers would be wise to give you a call when they are ready to sell, with buyers offering over list price!  

Nov 29, 2021 10:49 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Hopefully more sellers will get their act together and call you to list in January! 

Nov 29, 2021 11:05 AM
Victoria Ray Henderson
The Buyer Brokerage - McLean, VA
Washington DC Real Estate

Nina, it is a sellers market all across the country and seeing your numbers is more proof. I'm hoping more people will put their homes on the market next year. I only work with home buyers and its hard work protecting my clients while trying to make a competitive offer. Have a good Monday!

Nov 29, 2021 11:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... sellers need as much help navigating this crazy market as buyers do.

Nov 29, 2021 12:01 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lise Howe hi Lise... sellers are so afraid of not being able to find a replacement house they don't want to take a chance and get their home sold quickly with no where to go.

Nov 29, 2021 12:02 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Victoria Ray Henderson hi Victoria... as I sell my listings I keep hearing stories from agents that they are writing their fifth, sixth, seventh offers for their clients. It's very hard for buyers and their agents.

Nov 29, 2021 12:03 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- I don't think anyone knows the Fort Mill SC market better than you do!!!

Nov 29, 2021 01:57 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina, sellers need to get off the fence, if they do not they will miss out I see the market is changing in my area and we are usually trend setters six months ahead of the rest of the country, Endre

Nov 29, 2021 10:40 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - that is a really a very large drop is closed sales from last year.  You have a perfect storm in Charlotte.

Nov 30, 2021 03:33 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Such a good time to sell in Fort Mill, anyone thinking about it better give you a call right away.

Nov 30, 2021 04:07 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib good morning, Kathy... now if we could just get that message out to all the homeowners in Fort Mill!

Nov 30, 2021 04:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. good morning, Endre... certainly the rate of price appreciation in homes will slow somewhat come 2022. The time to cash in on equity is certainly NOW!

Nov 30, 2021 04:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Grant Schneider good morning, Grant... as I've often said "you can't sell what you don't have to sell." If it's not there to sell, sales will drop.

Nov 30, 2021 04:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian... it's always a good time to sell in Fort Mill because of the top rated schools for which there's lots of demand. But current market conditions are really optimal now.

Nov 30, 2021 05:00 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Nov 30, 2021 08:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks, Roy, for popping by. Hope you're having a good day in Gaithersburg.

Nov 30, 2021 09:22 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Dec 03, 2021 01:50 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good Sunday morning, Myrl Jeffcoat trust you've had a good weekend so far and are looking forward to a lovely day today.

Dec 05, 2021 04:50 AM