Market Summary Thru June 30, 2013
|
Market Statistic |
May 2013 |
June 2013 |
Trend |
|
Median Price of Homes Sold |
$136,800 |
$149,000 |
+ |
|
Average Price of Home Sold |
$150,025 |
$164,162 |
+ |
|
Least Expensive Home Sold |
$19,900 |
$16,000 |
- |
|
Most Expensive Home Sold |
$452,500 |
$592,000 |
+ |
|
Price/ Sq. Ft. |
$72.21 |
$76.96 |
+ |
|
Average Days of Market (DOM) |
172 |
170 |
- |
|
Total Active Inventory |
1303 |
1288 |
- |
|
Median Home Size |
1798 |
1932 |
+ |
|
Median Number of Bedrooms |
3 |
3 |
|
|
Median Number of Bathrooms |
2 |
2 |
|
June 2013 proved that a slight decrease in the number of homes under contract doesn’t mean less homes are sold. The number of pending homes at the end of May 2013 was down to 198 from April’s 214. I thought this would possibly translate into less closings or solds in June 2013, but this wasn’t the case. June 2013 saw an increase in closed sales over May by 8 homes. This is good news as the last time we saw 93 homes sold in June was 2010. To get to a higher number of homes sold in June, we have to go back to 2008.
Sumter SC ended June with 199 properties under contract or pending. I anticipate that July 2013 will see as many if not more properties sold in than June 2013. The month has started out strong and continues to see properties put under contract or pending.
The Median home price in Sumter has increase since March 2013 . As did the average home price increase in June as it has since March. The Average $ per Square Foot increased substantially from May to June! From April 2013 to June 2013 Sumter has seen the Average Price/ Square Foot increase from $65.26 to $76.96. And purchasing your home in Sumter, can produce significant month to month savings over renting a property in the same neighborhood or even the same property.
The charts for June are below. The general feel of the market is Sumter is showing improvement over prior years. We will have to keep a close eye on it over the next few months to see if this is indeed the case. For more information or a free walk thru, please call me at 803-840-7519.
Homes Sold in Sumter County, South Carolina by Month
Homes Sold in Sumter County, South Carolina Year to Date Since 2006
Average Days on Market in Sumter Until Sold
Sumter New Listing for Residential Property By Month
Sumter New Listing for Residential Property By Year To Date
Sumter Active Listing for Residential Property
Median Home Price for the Sumter Residential Home Sales
Sumter County South Carolina Price Per Square Foot
As I recommend every month, please consult a local Realtor® about the local market. Even though the Sumter Board of Realtors provides data, this data is very specific to Sumter County and residential home sales only. I do not include other counties in our Board of Realtors nor do I include lots or land.
I hope you find this real estate market report for Sumter County, SC informative. If you have any suggestions or questions, please email me at kim@agentownedrealty.com and I will help you in any way possible.
Kim Peasley-Parker
Realtor®/Shareholder
AgentOwned Realty,
Heritage Group, Inc.
Sumter, SC
Cell 803-840-7519
Serving all of Sumter County including Sumter, Dalzell, and Shaw Air Force Base area
Your Relocation Contact for Sumter, Shaw, Air Force and 3rd Army
Copyright, Kim Peasley-Parker July 2013
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