May 2011 Sumter Real Estate Market Report

Posted By Kim PeasleyParker @ Jun 10th 2011 11:47am In: Sumter Real Estate Monthly Report

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.
 
May 2011 Homes Sold Per Month
Year To Date Closings are still below 2010 levels.
 
Sumter Homes Sold Year To Date
 
Days on Market for Sumter County, South Carolina increased to 182.   
 
Sumter Days On Market
 
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.
 
Sumter Homes Listings Per Month     
 
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.
 
Sumter Home 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 June 2011
 
 

 


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