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May 2010 Market Update Sumter, South Carolina
Market Summary Thru May 31, 2010    
May was a busy month for closing transactions in Sumter, South Carolina.  While seeing 84 properties sell in Sumter County, we saw the pendings fall from 194 the end of April to 174 the end of May.  We are still seeing buyers in the market, but we are also receiving lots and I mean LOTS of phone calls for rentals.  Many potential home buyers in Sumter County, still qualify for the First Time Tax Credit.  Be sure and check it out!     In May Sumter county had 86 units close, down 2 units from April.  June 30th is the closing deadline for the tax credit and many homes will be closed in June so the buyers can take advantage of the credit.      The year to date closings in Sumter County is slightly above the 2009 numbers.  I expect to see the year to date number gain in May, but after May, we will have to watch and wait due to the tax credit ending for many.         Days on Market for Sumter County, South Carolina increased slightly for May.  Sumter Counties year to date numbers are staying very close ... more

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