Market Summary Thru November 30, 2014
|
Market Statistic |
October 2014 |
November 2014 |
Trend |
|
Median Price of Homes Sold |
$121,500 |
$142,000 |
+ |
|
Average Price of Home Sold |
$140,249 |
$137,744 |
- |
|
Least Expensive Home Sold |
$5,000 |
$4,500 |
- |
|
Most Expensive Home Sold |
$640,000 |
$367,500 |
- |
|
Price/ Sq. Ft. |
$65.66 |
$67.70 |
+ |
|
Average Days of Market (DOM) |
160 |
156 |
- |
|
Total Active Inventory |
1231 |
1221 |
- |
|
Median Home Size |
1860 |
1873 |
+ |
|
Median Number of Bedrooms |
3 |
3 |
|
|
Median Number of Bathrooms |
2 |
3 |
+ |
If you compare the Sumter SC Real Estate Market in November 2014 to October 2014, you may be very disappointed. However, looking back at prior years, the decrease in sales from October to November is normal. 2008 and 2009 have been benchmarks years to compare 2014 to and the sales for November 2008 were 59 properties sold while November 2014 ended with 61. The year to day properties sold for 2014 at the end of November was 882, which is higher than both 2008 and 2009. I expect the year will finish strong with numbers outpacing 2013. The number of pendings at the end of November 2014 was 149 which is only down 8 pendings from October pendings.
For the complete report and information charts please visit SumterHomePros.com
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