April 2011 Sumter Real Estate Market Report

Posted By Kim PeasleyParker @ May 17th 2011 10:18am In: Sumter Real Estate Monthly Report

 
Market Summary Thru April 30, 2011      
 

Market Statistic

March 2011

April 2011 

Trend

Median Price of Homes Sold

$142,400

$125,000

-

Average Price of Home Sold

$151,137

 $125,458

-

Least Expensive Home Sold

$13,000

$7,000

-

Most Expensive Home Sold    

$499,000

$350,000

-

Price/ Sq. Ft.

$75.63

 $69.50

-

Average Days of Market (DOM)

168

 177

+

Total Active Inventory

1397

 1436

+

Median Home Size

1826

 1641

-

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

    

 

April 2011 showed a pick up in sales in the Sumter Real Estate Market. April 2011 units sold was th highest the Sumter market has seen since June 2010.  The activity in the Sumter Real Estate Market has varied by week, but we are starting to experience the spring selling season.
 
April 2011 Units Sold Per Month Sumter SC Real Estate
While Year To Date Closings are still below 2010 levels, we have made progress in "catching" up with those numbers with March and April home sales. 
 
April 2011 Sumter Real Estate Market Solds Year to Date
 
Days on Market for Sumter County, South Carolina increased to 177.   
 
April 2011 Sumter Real Estate Market Days On Market
 
Listings per month increased from 164 in March to 166 in April.  February, March and April new listings have all consistently fallen into the mid 160's.

April 2011 Sumter Real Estate Market Listings Per Month

 
The Year to Date Listings remain between 2009 and 2010 levels.  I fully expect to see those numbers stay in that range.
 
April 2011 Sumter Real Estate Market Listings Year To Date     
 
The number of Active Listings did increase in April and I expect to see an increase until July.  After July, the number of active listings begins to fall slowly as houses are sold, rented or withdrawn from the market.  The introduction of the Third Army into the Sumter home market may influence the Sumter market to not follow prior years, but this trend hasn't been broken as of March. 

April 2011 Sumter Real Estate Market Active Listings

 
The median home price fell from $142,400 in March to $125,000 in April.  Again this trend follows the highest price home sold and $ per square foot. 

April 2011 Sumter Real Estate Market Median Home Price

 
The average $ per square foot decreased in Aprilto $69.50.
 
April 2011 Sumter Real Estate Market $ per Sq 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 May 2011
 
 

 


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