The housing market in Fort Mill continues to see strong price appreciation, with values up 25.1% compared to last year. Home prices have increased 7.3% in the past month alone. With 40 active listings, inventory is 344% higher than seasonal norms. Homes are now taking an average of 67 days to sell, significantly longer than the 11 days typical for this market. A significant 37.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 19.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Fort Mill market with the affordability index at 220.9. Based on current market indicators, home prices in Fort Mill are projected to increase by approximately 45.5% over the next month.
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