I have had many request to see the change in home sales data for Tega Cay from this year to last. So here is the latest info.
|TEGA CAY REAL ESTATE MARKET ANALYSIS|
|2007 Vs. 2008|
|January through April|
|2007||TOTAL SALES||DAYS ON MARKET||LIST TO SALES RATIO|
|2008||TOTAL SALES||DAYS ON MARKET||LIST TO SALES RATIO|
|Source- Piedmont Regional MLS|
Single Family homes had a 37.5 % drop in the number of home sold to last year. It is now taking on the average 153 days to sell a home which is approximately a 34% increase in days. The good news is the selling price to listing price ratio only changed 4% and is still in the 90’s.
I think the number of homes sold drop is higher than expected. There are more homes on the market compared to last year. There are definitely less buyers than last year. Be careful comparing the homes sold data with national reports. The national reports normally compare only a month. The analysis above included the period January through April. If you have any questions or would like to see more information please contact me.
Carmen S Miller Century 21 First Choice Fort Mill, SC 803.322.3479 firstname.lastname@example.org