August 2010 Market Report Sumter County South Carolina

By
Real Estate Agent with AgentOwned Realty, Heritage Group, Inc.

August 2010 Sumter, SC Market Report
 
 
Market Summary Thru August 31, 2010
 

Market Statistic

July 2010

August 2010 

Trend

Median Price of Homes Sold

$143,250

$132,363

-

Average Price of Home Sold

$142,207

 $122,516

-

Least Expensive Home Sold

$12,000

$4,300

-

Most Expensive Home Sold    

$436,000

$310,000

-

Price/ Sq. Ft.

$71.71

 $68.12

-

Average Days of Market (DOM)

147

 169

+

Total Active Inventory

1474

 1425

-

Median Home Size

1765

 1630

-

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

 

 

August with 62 closings had only 7 less than July in Sumter County South Carolina.  We are seeing an increase in the number of rentals in Sumter for various reasons and the rental market is hot right now.  
Units Sold Per Month August 2010
 
The year to date closings in Sumter County is slightly below the 2009 numbers.  Through August 2009 Sumter County, SC had 604 units closed to 565 for the same time period in 2010.   
 
Year To Date Units Sold
 
Days on Market for Sumter County, South Carolina increased from 147 in July to 150.  This indicates that homes that have been on the market longer were selling in August.  
 
Day On Market August 2010 Sumter County South Carolina
 
Listings per month decreased from 150 in July to 124 in August.  This continues the lower listing trend in August to July that we have seen over the past several years.  If Sumter County continues to follow the trends, we should see decreasing listings over the next couple of months.  
 
Listings per Month Sumter South Carolina
 
Sumter County year to date listings is still above 2009 levels.  2010 has outpaced 2009 listings by 85 listings just on residential properties (not including land).  
 
Year To Date Listings Sumter South Carolina    
 
Total number of listings available from July to August decreased by 49 units.  This is most likely due to the lower amount of listings and the number of units sold.  This leaves 1425 units available in Sumter County.  Again, this is only residential properties with houses on them!
 
Active Listings August 2010
 
 
 
As normal for Sumter County, the median home price fluctuates month to month.  For the month of August the median home price was $132,363 and decreased over the July Median home price of $143,250.  As we saw the median home price fluctuate, the $/square foot, median square footage and average home price.
 
Median Home Price Sumter South Carolina
 
 
The average $ per square foot decreased in August following the trend of the median home price and median square feet.  
 
$ per Square Foot Sumter South Carolina
 
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
Realtors®/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
 
Copyright, Kim Peasley-Parker September 2010
 
 

Posted by

Information and Content in this blog is original to Kim Peasley-Parker unless otherwise stated.

Kim Peasley-Parker, Sumter Real Estate

 

 

Kim Peasley-Parker

Realtor (R) /Shareholder

AgentOwned Realty Company

Heritage Group, Inc.

Cell 803-840-7519

Email: kim@agentownedrealty.com

 

 

 

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