Time to look at what happened in Tega Cay’s Real Estate market for January 2019!
We would like to dive deeper than this though. Let’s get started with the New Listings in Tega Cay that came on the market in January. In 2017, there were 20 new listings that came on the market in January. In 2018, the new listings in Tega Cay increased by +65 percent to 33 new listings coming on the market and in 2019, we went down by -6.1 percent to 31 new listings on the market. Although, that number was definitely higher than 2 years ago.
Our total inventory of single-family Homes for Sale in Tega Cay for January 2019 was down by -12.1 percent to only 58 homes. That’s pretty low. In 2017, there were 70 homes for sale and in 2018, that number dropped by -5.7 percent to an inventory of only 66 homes. So inventory was definitely down when compared to year over year statistics.
The Closed Sales for January 2019 in Tega Cay were 16 which was an increase of +14.3 percent from 2018. In 2017, there were 14 homes which closed in January. In 2018, there were 14 homes which closed and so we held even with 2017.
Our Median Days on Market in Tega Cay is an interesting statistic to review as well. In 2017, homes were on the market on average of 72 days and the following year of 2018, homes were on the market only 36 days!! That was a significant drop of -50.0 percent from the year previous. In 2019, the median days on market went back up to 46 days which was an increase from the year previous of +27.8 percent!! Still much lower than 2 years ago.
If you would like to further discuss the Tega Cay Real Estate Market Update For January 2019, please feel free to contact us. We would love to assist you and answer any questions you might have.