March 2011 Sumter Real Estate Market Report

Posted By Kim PeasleyParker @ Apr 19th 2011 3:04pm In: Sumter Real Estate Monthly Report

 
Market Summary Thru March 31, 2011      
 

Market Statistic

February 2011

March 2011 

Trend

Median Price of Homes Sold

$126,500

$142,400

+

Average Price of Home Sold

$135,104

 $151,137

+

Least Expensive Home Sold

$8,000

$13,000

+

Most Expensive Home Sold    

$353,000

$499,000

+

Price/ Sq. Ft.

$70.72

 $75.63

+

Average Days of Market (DOM)

157

 168

+

Total Active Inventory

1382

 1397

+

Median Home Size

1629

 1826

+

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

    

 

March 2011 showed a pick up in sales in the Sumter Real Estate Market. March 2011 units sold was actually the highest number we had seen since September 2010.  Sumter home sales are still lagging behind the 2010 numbers, but we are still early in the home buying season which normally starts in April or May.
 
March 2011 Sumter Units Sold by Month

 

Year to Date closings are still low due to a very slow start in January.  
 
March 2011 Year To Date Solds
 
Days on Market for Sumter County, South Carolina increased to 168.   
 
March 2011 Sumter Days on Market
 
Listings per month increased from 161 in February to 168 in March.  I stated last month that I expect to see the number of listings increase as we continue to get into the PCS season for the Air Force.

March 2011 Sumter 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.
 
March 2011 Year To Date Listings    
 
The number of Active Listings did increase in March 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  After July, the number of active listings begins to fall slowly as houses are sold, rented or withdrawn from the market.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. 

March 2011 Sumter Active Listings

 
The median home price increased from $126,500 in February to $142,400 in March.  Based upon this and the price per square foot and the Days on Market, a segment of the home market that had not been selling was starting to emerge with more sales. 

Sumter Median Home Price

 
The average $ per square foot increased in March to $75.63.
 
Sumter Monthly Average $/Square Foot 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 April 2011
 
 

 


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