February 2015 Sumter SC Real Estate Market Report

Posted By Kim PeasleyParker @ Mar 19th 2015 3:21pm In: Sumter Real Estate Monthly Report

 

Market Summary Thru February 28, 2015

 

Market Statistic

January 2015

February 2015

Trend

Median Price of Homes Sold

$135,140

$135,750

-

Average Price of Home Sold

$140,565

$143,976

-

Least Expensive Home Sold

$3,000

$13,707

-

Most Expensive Home Sold

$420,000

$345,000

-

Price/ Sq. Ft.

$64.08

$68.26

-

Average Days of Market (DOM)

150

170

+

Total Active Inventory

1181

1202

+

Median Home Size

1690

1746

-

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

 

February 2015 was another busy month in Sumter Real Estate.  With 58 homes sold February was slightly ahead of the January 2015 number of 53.  The number of pendings increased slightly in February to 145 over January 2015 number of 142.  The number of pendings and homes sold for February 2015 were both down slightly from February 2014, but I am not concerned with this.  Many indicators show the market is still moving and sales are happening.  Indicators are the PCS season is just getting started and this is a normal cycle for the Sumter Real Estate Market.  The number of active listings is still high and with only a slight increase in the number of active listing from 1181 to 1202 at the end of February.  

 

With a median home price of $134,750 in February 2015, the median home price has heald in the mid $130’s for several month.  The average sales price of $143,976 is holding close to the last several months also.  While we did experience a large swing out of that range for the median and average, the tendency of the Sumter market is to return the close to what the current median and average sales price was in February.      

 

The charts for Sumter SC Real Estate in February 2015 are below.  It remains 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.  Home prices have continued to decrease in the Sumter SC market as the inventory is high.  With the number of homes sold increasing, we are likely to see the prices of homes stabilize and possibly gain, so there is no better time that the present to purchase your new home in Sumter. 

 

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 Houses Sold By Month Feb 2015

 

Homes Sold in Sumter County, South Carolina Year to Date Since 2009

Sumter SC Real Estate Homes Sold By Year

 

Average Days on Market in Sumter Until Sold  

Sumter SC How long does it take to sell a home?

 

Sumter New Listing for Residential Property By Month

Sumter SC Homes Listed for Sale by Month

 

Sumter New Listing for Residential Property Year To Date  

Sumter SC Year to Date Listings Annual Listings     

 

Sumter Active Listing for Residential Property 

Sumter SC Home for Sale Number of Homes for Sale

 

Sumter Median Home Price

Sumter SC Median Home Sale Price

 

Sumter County South Carolina Price Per Square Foot 

Sumter Real Estate 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 Area

 

Your Relocation Contact for Sumter, Shaw, Air Force and 3rd Army

 

Copyright, Kim Peasley-Parker March 2015

 


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