Tega Cay, SC Median Home Sale Prices At Record High In May 2022
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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