February 2014 Sumter, SC Market Report

Posted By Kim PeasleyParker @ Mar 14th 2014 12:15pm In: Sumter Real Estate Monthly Report

 

Market Summary Thru February 28, 2014

 

Market Statistic

January 2014

February 2014

Trend

Median Price of Homes Sold

$130,000

$129,000

-

Average Price of Home Sold

$133,459

$130,402

-

Least Expensive Home Sold

$ 5,600

$ 9,900

-

Most Expensive Home Sold

$484,000

$425,000

+

Price/ Sq. Ft.

$63.82

$61.96

-

Average Days of Market (DOM)

170

167

+

Total Active Inventory

1234

1227

-

Median Home Size

1863

1826

+

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

 

    

 

February 2014 in Sumter, SC started to show a rise in real estate sales.  With Januarys typically being slow in the Sumter Real Estate Market, we saw an increase in sales during the month of February 2014.  February 2014 actually saw more properties in Sumter County than any February back to 2008.  While not a huge increase over prior years, it still did show an increase.  The number of pendings showed a slight increase to 146 in February of January with 142.  The pace of the entire market in March is feeling more active and we look forward to that translating into increased sales. 

 

The median home price in Sumter, SC decreased slightly in February 2014 to $129,000 as did the average sale price at $130,402.  The price per square foot decreased in Sumter, SC real estate from $63.82 in January 2014 to $61.96 in February 2014.  Sumter, SC real estate sales are still slightly lower than 2013, but I expect the numbers to increase and the sales in 2014 will meet those in 2013.  The good news is there was a decrease in the number of new listings coming on the market in February.  This is good news as the active inventory decreased by a few homes and if this trend continues the number of homes available for sale with decrease thus supporting the pricing in the market.

 

The charts for Sumter SC Real Estate in February 2014 are below.  It is a great time to purchase a home in Sumter, there is a very high inventory and the interest rates are still relatively low.  There is a substantial cost savings in purchasing a home versus renting the same home.  These savings are only increased when tax benefits of owning are home are calculated into the equation.   

 

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

Sumter SC Homes Sold Feb 2014

 

Homes Sold in Sumter County, South Carolina Year to Date Since 2006

Sumter SC February 2014 Homes Sold Year To Date

 

Average Days on Market in Sumter Until Sold  

Sumter SC February 2014 Day on Market for Home Sales

 

Sumter New Listing for Residential Property By Month

Sumter SC Real Estate Feb 2014 Homes Listed  

 

Sumter New Listing for Residential Property By Year To Date  

Sumter SC New Listings for Homes for Sale Year To Date     

 

Sumter Active Listing for Residential Property 

Sumter SC Number of Homes for Sale Feb 2014

 

Median Home Price for the Sumter Residential Home Sales

Sumter SC Median Home Price

 

Sumter County South Carolina Price Per Square Foot 

Sumter SC Price Per Square Foot Homes Real Estate 

 

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 March 2014 

 


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