May 2011 Sumter Real Estate Market Report

Jun 10th 2011

Posted By: Kim PeasleyParker @ 11:47am In: Sumter Real Estate Monthly Report
Tags: sumter home, sumter real estate, sumter market reports, sumter homes for sale, sumter mls search

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May

Market Summary Thru May 30, 2011

Market Statistic	April 2011	May 2011	Trend
Median Price of Homes Sold	$125,000	$129,900	+
Average Price of Home Sold	$125,458	$138,235	+
Least Expensive Home Sold	$7,000	$4,500	-
Most Expensive Home Sold	$350,000	$625,000	+
Price/ Sq. Ft.	$69.50	$70.45	+
Average Days of Market (DOM)	177	182	+
Total Active Inventory	1436	1403	-
Median Home Size	1641	1717	+
Median Number of Bedrooms	3	3
Median Number of Bathrooms	2	2

May 2011 showed a slight decrease in sales in the Sumter Real Estate Market. May 2011 units sold decrease in the Sumter market was on par with the activity level in May 2010. The real estate activity seems to slow in the market in May as the end of the year school activities increase. Activity will remain slower through mid-June. Normally a result of families taking vacations right after school lets out for the summer.

Year To Date Closings are still below 2010 levels.

Days on Market for Sumter County, South Carolina increased to 182.

Listings per month decreased from 166 in April to 160 in May.

Sumter Listings Per Month

The Year to Date Listings remain between 2009 and 2010 levels, but are staying closer to 2009 levels below 2010 numbers. I fully expect to see those numbers stay in that range.

The number of Active Listings did decrease in May. I had expected to see an increase in the numbers through July. The decrease is a result of homes selling and also being turned into rentals. The rental market right now is very hot in the Sumter real estate market as a result of the BRAC of the 3rd Army.

Sumter Active listings By Month

The median home price rose from $1258,000 in April to $129,900 in May. Again this trend follows the highest price home sold and $ per square foot.

Sumter Median Home Prices

The average $ per square foot increased in May to $70.45.

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

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