Tega Cay, SC Real Estate News

By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC housing market in November 2023...What you need to know now... Key take-aways about the Tega Cay housing market in November 2023:  Average home sale price improved month-over-month, but declined year-over-year. Median home sale price declined both month-over-month and year-over-year. The decline in median sale price can be attributed to the price mix of homes sold in Tega Cay in November 2023 and not necessarily to a decline in home values.  Inventory declined month-over-month and increased by one home year-over-year. Despite the decline in inventory and new listings, the months supply of inventory at 3.68 months (down from 5.19 months one month ago) put Tega Cay back into "seller territory." New listings declined 36+% from October 2023 and 40% from Novem...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC housing market in October 2023...What you need to know now... Key take-aways about the Tega Cay housing market in October 2023:  Average home sale price declined month-over-month and increased slightly year-over-year. Median home sale price declined from September 2023 and increased compared with October 2022. Inventory declined month-over-month and year-over-year. Despite the decline in inventory and new listings, the months supply of inventory at 5.19 months kept Tega Cay a balanced market between home buyers and home sellers in October. New listings declined 47+% from September 2023. Compared with October one year ago, new listings declined almost 35%. Days on market increased 16 days from September to 31 days.  Sold properties declined from the previo...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in August 2023...What you need to know now...What it means for you... Housing Inventory Drops To 1.65 Months In August, Keeping Tega Cay A Home Seller's MarketClosed Sales Up 119.05% Over July  Key take-aways about the Tega Cay housing market in August 2023:  Average and median home sale prices declined month-over-month and year-over-year. Inventory declined compared with July and with August one year ago. August's housing inventory was at its lowest in 2023 since April resulting in a decline in the months supply of inventory to just 1.65 months. New listings decreased from July (by two properties). New listings were down compared with August 2022. Days on market were at their lowest level in eight months at 21 days, declining four days...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in July 2023...What you need to know now...What it means for you... Key take-aways about the Tega Cay housing market in July 2023:  Average and median home sale prices increased year-over-year. Month-over-month median home sale price was flat, average sale price decreased. Inventory declined was flat compared with the previous month and down from July one year ago. New listings declined year-over-year (down 28.6%) and barely increased from June by just two additional properties listed for sale. Days on market were at their lowest level in eight months at 21 days, declining four days from the previous month of June. Days on market in July were nine days lower than the year-to-date average in Tega Cay. Sold properties declined both month-...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in June 2023...What you need to know now...What it means for you... Key take-aways about the Tega Cay housing market in June 2023:  Average and median home sale prices increased both year-over-year and month-over-month. Inventory declined slightly both month-over-month and 33.33% year-over-year. New listings declined year-over-year (down 34.9%) and month-over-month.  Days on market declined five days to 25 days compared with the previous month of May. Days on market in June were seven days lower than the year-to-date average in Tega Cay. Sold properties declined both month-over-month and year-over-year due to lack of inventory. At a 99.84% list to sale price ratio, Tega Cay home buyers are not seeing a big opportunity to negotiate on pr...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in May 2023...What you need to know now...What it means for you... Key take-aways about the Tega Cay housing market in May 2023:  Average home sale prices held their own in May 2023, remaining equal to April 2023 and up compared with May 2022. Inventory increased slightly both month-over-month and year-over-year. New listings were at their highest levels since August 2022. Days on market increased month-over-month and year-over-year, but were still relatively low at 30 days and also lower than the year-to-date DOM average of 33 days. Sold properties were at their highest level since December 2022. At a 100.24% list to sale price ratio, Tega Cay home buyers are not seeing a big opportunity to negotiate on price. With just 2.7 months of i...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in April 2023...What you need to know now...What it means for you... Key take-aways about the Tega Cay housing market in April 2023:  Median home prices increased year-over-year and month-over-month. Inventory dropped from March 2023, up slightly over April 2022. This was the lowest level of inventory Tega Cay has seen since April 2022. New listings down year-over-year and unchanged month-over-month. Days on market dropped to 23 days in April, declining 18 days from March. Lack of inventory and new listings is helping homes sell more quickly. Sold properties at their lowest level in more than three years. Again, lack of inventory and new listings is having an impact on sales. At 99.41% list to sale price ratio Tega Cay home buyers are n...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in February 2023...What you need to know...What it means for you... Key take-aways about the Tega Cay housing market in February 2023:  Average home prices essentially flat month-over-month and year-over-year; median home prices down. Inventory up very slightly (by two homes) compared with February 2022; down month-over-month. New listings down year-over-year and month-over-month. Days on market up year-over-year and month-over-month. Sold properties up month-over-month; down by two homes year-over-year. At 98.1% list to sale price ratio up slightly month-over-month, down year-over-year.  TEGA CAY HOUSING MARKET HIGHLIGHTS: FEBRUARY 2023HOUSING INVENTORY SLIGHTLY HIGHER YEAR-OVER-YEAR | NEW LISTINGS DOWN YEAR-OVER-YEAR & MONTH-OVER-MONT...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in January 2023...What you need to know...What it means for you... Key take-aways about the Tega Cay real estate in January 2023:  Higher home prices year-over-year. Inventory up very slightly (by one home) compared with January 2022. New listings down year-over-year. Days on market up substantially year-over-year, but down month-over-month. Sold properties decreased year-over-year and month-over-month. At 97.8% list to sale price ratio, this was the lowest Tega Cay has seen in three years.  TEGA CAY HOUSING MARKET HIGHLIGHTS: JANUARY 2023 HOUSING INVENTORY UP SLIGHTLY YEAR-OVER-YEAR | NEW LISTINGS DOWN YEAR-OVER-YEAR, UP MONTH-OVER-MONTHTega Cay's number of properties for sale (75) in January 2023 was down 1.32% from December 2022 (equ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in December 2022...What you need to know...What it means for you... Tega Cay real estate home prices increased year-over-year, but pulled back month-over-month in December 2022. And while, days on market increased, inventory was down as were new listings. Months supply of inventory was flat year-over-year and down month-over-month.   After doubling, year-over-year, in November, December closed homes sales dropped 32%. Lack of inventory and fewer new listings contributed to the lower home sales. TEGA CAY HOUSING MARKET HIGHLIGHTS:DECEMBER 2022 VERSUS DECEMBER 2021  HOUSING INVENTORY DOWN & NEW LISTINGS DOWN YEAR-OVER-YEAR IN DECEMBER 2022Tega Cay's months of  housing inventory was 0.9 months, flat compared with one year ago, but lower by...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in November 2022...What you need to know...What it means for you...Tega Cay real estate home prices increased significantly year-over-year and month-over-month in November 2022. And while days on market increased, inventory was down as were new listings. Months supply of inventory also dropped in November. Although days on market increased, homes still sold in under one month, on average. Home sales more than doubled, increasing 126.1% in November despite less foot traffic year-over-year. TEGA CAY HOUSING MARKET HIGHLIGHTS:NOVEMBER 2022 VERSUS NOVEMBER 2021  HOUSING INVENTORY DOWN & NEW LISTINGS DOWN YEAR-OVER-YEAR IN NOVEMBER 2022Tega Cay's months of  housing inventory was 1.0 months, increasing from 0.8 months one year ago, but decrea...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in October 2022...What you need to know...What it means for you... Tega Cay real estate saw a small cooling in October, but nothing drastic. Inventory was up (equal to four additional homes on the market year-over-year), but new listings were down. The median list to sale ratio dropped year-over-year and month-over-month to just under 100%. Home prices were higher year-over-year, but lower month-over-month. By the same token, homes sold more quickly and average days on market dropped compared with October 2021 and September 2022.  TEGA CAY HOUSING MARKET HIGHLIGHTS:OCTOBER 2022 VERSUS OCTOBER 2021  HOUSING INVENTORY UP & NEW LISTINGS DOWN YEAR-OVER-YEAR IN OCTOBER 2022Tega Cay's months of  housing inventory was 1.1 months, increasing fr...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in September 2022...What you need to know...What it means for you... Tega Cay real estate kept home sellers in the driver's seat in September 2022, evidenced by year-over-year key indicators such as less housing inventory, higher home sale prices, fewer new listings in September 2022 compared with September 2021. By the same token, we saw a shift in the Tega Cay market with an increase in days on market, with the average days on market of 33 the highest since November 2020. Home prices month-over-month were also lower in September 2022 compared with August 2022. TEGA CAY HOUSING MARKET HIGHLIGHTS:SEPTEMBER 2022 VERSUS SEPTEMBER 2021  HOUSING INVENTORY & NEW LISTINGS DOWN YEAR-OVER-YEAR IN SEPTEMBER 2022Tega Cay's months of  housing inve...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in August 2022...What you need to know...What it means for you... Tega Cay real estate kept home sellers in the driver's seat in August 2022, evidenced by year-over-year key indicators such as less housing inventory, higher home sale prices with average home sale prices setting a new record, fewer days on market, fewer new listings in August 2022 compared with August 2021. TEGA CAY HOUSING MARKET HIGHLIGHTS:AUGUST 2022 VERSUS AUGUST 2021  HOUSING INVENTORY & NEW LISTINGS DOWN YEAR-OVER-YEAR IN AUGUST 2022Tega Cay's months of  housing inventory was 1.1 months, flat year-over-year, but down 0.1 months from July 2021. Housing inventory was down 12.2% year-over-year. New listings were down 33.3% year-over-year in August. SALES DECREASED IN ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in July 2022...What you need to know...What it means for you... Tega Cay real estate kept home sellers in the driver's eat in July 2022, evidenced by key indicators such as less housing inventory, higher home sale prices, fewer days on market, fewer new listings in July 2022 compared with July 2021. TEGA CAY HOUSING MARKET HIGHLIGHTS:JULY 2022 VERSUS JULY 2021   HOUSING INVENTORY & NEW LISTINGS DOWN YEAR-OVER-YEAR IN JULY 2022Tega Cay's months of  housing inventory was 1.2 months, up 0.1 month year-over-year, but down 0.1 months from June 2021. Housing inventory was down 7.1% year-over-year. New listings were down 19.2% year-over-year in July. SALES DECREASED IN TEGA CAY IN JULY 2022Pending sales decreased 15.9% in Tega Cay in July 2022...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in May 2022...What you need to know...What it means for you... Tega Cay, South Carolina's median home prices reached record highs in May 2022. Home sellers enjoyed higher list to sale ratios, as well, at 104.1%, up 3.0% year-over-year. This, along with significantly less housing inventory and barely a two week supply of homes, kept Tega Cay a home seller's market in May 2022. TEGA CAY HOUSING MARKET HIGHLIGHTS:MAY 2022 VERSUS MAY 2021   HOUSING INVENTORY REMAINED VERY LOW IN MAY Tega Cay's months of  housing inventory was 0.6 months, down 45.5% year-over-year from 1.1 months in May 2021 and 2.7 months in May 2020. Housing inventory was down 48.8% year-over-year. New listings were flat year-over-year and sold quickly in just over two wee...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in April 2022...What you need to know...What it means for you... Tega Cay, South Carolina's average and median home prices reached record highs in April 2022. Home sellers enjoyed higher list to sale ratios, as well, at 104.7%, up 2.7% year-over-year and 1.4% month-over-month. This, along with significantly less housing inventory and just a two weeks supply of homes, kept Tega Cay a home seller's market in April 2022. TEGA CAY HOUSING MARKET HIGHLIGHTS:APRIL 2022 VERSUS APRIL 2021 Tega Cay's months of  housing inventory was 0.5 months, down 50% year-over-year from one month in April 2021 and 3.3 months in April 2020. Housing inventory was down 51.3% year-over-year. New listings decreased 7.1% year-over-year and sold as quickly as they c...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in March 2022 and what it means for you... Tega Cay, South Carolina housing market remained very much a home seller's market in March 2022 evidenced by key indicators such as lower months supply of homes, significantly less housing inventory, higher home prices, fewer days on market, and a list to sale price ratio of over 103%. in March 2022 compared with March 2021. TEGA CAY HOUSING MARKET HIGHLIGHTS:MARCH 2022 VERSUS MARCH 2021 Tega Cay's months of  housing inventory was 0.3 months, down 75% year-over-year from 1.2 months in March 2021 and 3.0 months in March 2020. The months of housing inventory also dropped 0.2 months from February 2022. Housing inventory was down 78.3% year-over-year. New listings decreased 54.4% year-over-year and...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in February 2022 and what it means for you... Tega Cay, South Carolina housing market remained very much a home seller's market in February 2022 evidenced by key indicators such as lower months supply of homes, less housing inventory, and higher home prices in February 2022 compared with February 2021. TEGA CAY HOUSING MARKET HIGHLIGHTS:FEBRUARY 2022 VERSUS FEBRUARY 2021 Tega Cay's months of  housing inventory was 0.5 months, down 54.5% year-over-year from 1.1 months in February 2021 and 2.8 months in February 2020. The months of housing inventory also dropped 0.2 months from January 2022. Housing inventory was down 52.5% year-over-year. New listings increased 68% year-over-year and sold as quickly as they came on market. Pending sales ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Tega Cay, SC real estate market in January 2022 and what it means for you... TEGA CAY HOUSING MARKET HIGHLIGHTS:JANUARY 2022 VERSUS JANUARY 2021 Tega Cay, South Carolina housing market remained very much a home seller's market in January 2022, evidenced by key indicators such as lower months supply of homes, less housing inventory, and fewer days on market in January 2022 compared with January 2021. Tega Cay's months of  housing inventory was 0.7 months, down 41.7% year-over-year from 1.2 months in January 2021 and 2.6 months in January 2020.  Housing inventory was down 45.7% year-over-year. New listings decreased 38.2% year-over-year and sold as quickly as they came on market. Pending sales decreased 24.4% in Tega Cay in January 2022 compared with one year ago. Tega ...
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