June 2011 Sumter Real Estate Market Report

Posted By Kim PeasleyParker @ Jul 11th 2011 3:38pm In: Sumter Real Estate Monthly Report

 
Market Summary Thru June 30, 2011      
 

Market Statistic

May 2011

June 2011 

Trend

Median Price of Homes Sold

$129,900

$145,500

+

Average Price of Home Sold

$138,235

 $162,245

+

Least Expensive Home Sold

$4,500

$10,000

+

Most Expensive Home Sold    

$625,000

$512,000

-

Price/ Sq. Ft.

$70.45

 $77.03

+

Average Days of Market (DOM)

182

 177

-

Total Active Inventory

1403

 1391

-

Median Home Size

1717

 1818

+

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

    

 

June 2011 had 7 less properties sold than in May 2011.  Closings in July should be close to June in the Sumter real estate markets.  There were 175 homes pending at the end of June compared to 178 homes pending at the end of May.  The pendings are a good indicator of expected closings within the next few months. 
 
Sumter Real Estate Homes for Sale
Year To Date Closings are still below 2010 levels.
 
Sumter Homes Sold 2011
 
Days on Market for Sumter County, South Carolina decrease to 177.   
 
Sumter Real Estate Days On Market
 
Listings per month decreased from 160 in May to 128 in June.  This is the lowest number of new listings in a month for the year.  

Sumter Homes for Sale per month  

 
The Year to Date Listings ia very close to 2009 numbers.  I fully expect to see those numbers stay close to this and possibly fall below 2009 Year To Date Listings for Sumter real estate.
 
Sumter Listings Real Estate     
 
The number of Active Listings did decrease in July.  The decrease continues to be the result of homes selling or being rented.  The rental market continues to be brisk in the Sumter real estate market as a result of the BRAC of the 3rd Army.   

Sumter how Many homes for Sale

 
The median home price rose from $129,900 in May to $145,500 in June.  Again this trend follows the highest price home sold and $ per square foot. 

Sumter Median Home Price

 
The average $ per square foot increased in June to $77.03.
 
Sumter 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 July 2011
 
 

 


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