September 2010 Sumter SC Market Report

By
Real Estate Agent with AgentOwned Realty, Heritage Group, Inc.
 
Market Summary Thru September 30, 2010
 

Market Statistic

August 2010

September 2010 

Trend

Median Price of Homes Sold

$132,363

$124,800

-

Average Price of Home Sold

$122,516

 $129,378

+

Least Expensive Home Sold

$4,300

$6,000

+

Most Expensive Home Sold    

$310,000

$335,000

+

Price/ Sq. Ft.

$68.12

 $68.99

+

Average Days of Market (DOM)

169

 181

+

Total Active Inventory

1425

 1397

-

Median Home Size

1630

 1649

+

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

 

 

September had 74 residential properties close. An increase of 12 units over August 2010.  Looking at the Monthly Units Closed chart, one might expect to see a peak in November as we did last year, but I would feel confident in saying we won't see that peak this year.  That peak was generated with the end of the 2009 First Time Home Buyer Tax Credit at the end of November and then that was extended with a newer version that ended in having a house under contract in April 2010.  There are some Federal Employees and Active Military who might qualify for that tax credit, contact me for details! 
 
sumter units sold per month
 
The Year To Date Closings for 2010 have lagged behind 2009 numbers in the past few months, but this month saw that gap decreasing.  Due to the influence of the tax credit at the end of the year in 2009 and a tax credit no longer available, I expect that the gap between 2009 and 2010 will increase over the few months of 2010.   
 
YTD Closing
 
 
Days on Market for Sumter County, South Carolina increased from 160 in August to 181.  This indicates that homes that have been on the market longer were selling in September.  
 
Sumter SC Day on Market
 
Listings per month increased from 124 in August to 145 in September.  These new listings indicate fewer homes going on the market during the months of August and September than we have seen in prior years.  The trend appears that homes were placed on the market earlier in the summer to increase their exposure and to compensate for longer time on the market.    
 
Sumter SC Listings per Month  
 
Sumter County year to date listings is still above 2009 levels, but the gap is decreasing.  2009 showed a fairly steady increase every month and 2010 showed higher numbers earlier again indicating that homes were being placed on the market earlier to increase their exposure and to compensate for longer time on the market.   
 
Sumter Year To Date lisitngs   
 
The number of available homes being actively marketed decreased by 28 units.  Many sellers are choosing to rent their homes in the current market vs keeping them on the market.  Rentals in Sumter are currently being rented quickly.
 
Sumter SC Active Listings
 
 
 
There was a slight decrease in the Median home price in Sumter County during the month of September.  The median home price shows great fluctuation in the Sumter Market and as we enter the winter, I expect to see that median home price decrease as investors are normally more active in purchasing properties. 

Sumter SC Median Home Price

 
The average $ per square foot increased in September slightly over the August average.  This increase broke the trend of following the median home price, but the median square footage did increase .   
 
Sumter SC $ 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
 
Copyright, Kim Peasley-Parker October 2010
 

 

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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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Rainmaker
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Joye Hollis Ridgeway
AgentOwned Realty, Charleston SC - Charleston, SC
- Homes, Land, Investment, Commercial

Nice reports !  Should be helpful for people making decisions.

Oct 09, 2010 05:29 PM #1
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