Market Summary Thru September 30, 2013
|
Market Statistic |
August 2013 |
September 2013 |
Trend |
|
Median Price of Homes Sold |
$145,200 |
$135,000 |
- |
|
Average Price of Home Sold |
$134,474 |
$140,936 |
+ |
|
Least Expensive Home Sold |
$1,200 |
$12,000 |
+ |
|
Most Expensive Home Sold |
$320,000 |
$390,000 |
+ |
|
Price/ Sq. Ft. |
$66.72 |
$67.17 |
+ |
|
Average Days of Market (DOM) |
197 |
168 |
- |
|
Total Active Inventory |
1308 |
1308 |
|
|
Median Home Size |
1852 |
1827 |
- |
|
Median Number of Bedrooms |
3 |
3 |
|
|
Median Number of Bathrooms |
2 |
2 |
|
The Sumter SC real estate market in September started to show signs of the typical slowing cycle in the fall and around the holidays. The weekly market reports are showing more homes sold than put under contract and this was evidenced by a sharp reduction in the number of homes that are under contract in September (143) from August (176). The number of homes sold in September at 87 was only four less than August. There was a 36% increase in month to month sales from September 2012 to September 2013 with September 2012 only having 64 homes sold. The Year To Date home sales for Sumter continued to out pace the prior 4 years. In 2013 we have closed 26.5% more homes sold in the year than in 2012. With the number of homes under contract decreasing in September, we are likely to also see a decrease in the number of homes sold in October.
The Median home price in Sumter decreased to $134,474 after experiencing several month with the median home price well about what we had seen in prior months in Sumter. The average sale price did increase showing that while we were more on a balanced home sales for the median home price, we have seen an overall increase in the sale of higher priced homes in the Sumter market. The average price per square foot in Sumter was $67.17. Sumter has not seen the demand for homes great enough to experience an increase in list and sale prices. We are still in a buyers market with lower interest rates and home prices down.
The Sumter SC real estate market report charts for September 2013 are below. It is a still a great time to purchase a home in Sumter, SC and get in while the market is still in the buyers favor.
For more information or a free walk thru to prepare for selling, 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 October 2013
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