May 2014 Sumter, SC Real Estate Market Report

Posted By Kim PeasleyParker @ Jul 8th 2014 10:31am In: Sumter Real Estate Monthly Report

 

Market Summary Thru May 30, 2014

 

Market Statistic

April 2014

May2014

Trend

Median Price of Homes Sold

$132,000

$137,500

+

Average Price of Home Sold

$123,631

$139,994

+

Least Expensive Home Sold

$10,500

$7,500

-

Most Expensive Home Sold

$330,000

$585,000

+

Price/ Sq. Ft.

$64.50

$69.35

+

Average Days of Market (DOM)

209

160

-

Total Active Inventory

1319

1319

 

Median Home Size

1724

1750

+

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

 

 

May 2014 in Sumter, SC Real Estate showed a slight increase in the number of home sold.  April had 87 homes sold in Sumter county and 88 homes closed in May.  May 2014 units sold was slightly higher than May 2014 helping to close the gap of year to date closings between 2013 and 2014.  May 2013 ended the month with 190 units pending and May 2014 had 216 pending which is a good indicator that June 2014 will have an increase in the number of units sold.

 

The median home price in Sumter, SC increased slightly in May 2014 to $137,500 as did the average sale price at $139,994.  The price per square foot increased in Sumter, SC real estate from $64.50 in April 2014 to $69.35 in May 2014.  The price per square foot is great news as this average is higher than any monthly price per square foot since August 2013!  May and April 2014 both had 1319 active listings.  May 2014 showed a slight decrease in the number of new listings which is good to a market that has so much inventory vs the sales. 

 

The charts for Sumter SC Real Estate in May 2014 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.   

 

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

May 2014 Monthly Homes sold Sumter SC

 

Homes Sold in Sumter County, South Carolina Year to Date Since 2007

May 2014 Sumter SC Homes Sold Year to date

 

Average Days on Market in Sumter Until Sold  

May 2014 Homes sold days on market

 

Sumter New Listing for Residential Property By Month

May 2014 Listing per Month Sumter SC  

 

Sumter New Listing for Residential Property By Year To Date  

May 2014 Year to Date Listings     

 

Sumter Active Listing for Residential Property 

May 2014 Active Listings Sumter SC Real Estate Homes

 

Median Home Price for the Sumter Residential Home Sales

Sumer SC Homes sold Median Home Price

 

Sumter County South Carolina Price Per Square Foot 

Sumter SC Homes Average 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 2014 

 


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