November 2010 Sumter Real Estate Market Update

Posted By Kim PeasleyParker @ Jan 6th 2011 11:54am In: Sumter Real Estate Monthly Report

Market Summary Thru November 30, 2010

Market Statistic

October 2010

November 2010

Trend

Median Price of Homes Sold

mce_markerlt;span style="font-size: small">128,870

$132,450

+

Average Price of Home Sold

mce_markerlt;span style="font-size: small">132,962

$136,259

+

Least Expensive Home Sold

mce_markerlt;span style="font-size: small">15,000

$5,000

-

Most Expensive Home Sold

mce_markerlt;span style="font-size: small">370,000

$329,000

-

Price/ Sq. Ft.

mce_markerlt;span style="font-size: small">68.95

$71.55

+

Average Days of Market (DOM)

165

156

-

Total Active Inventory

1391

1375

-

Median Home Size

1747

1707

-

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

November saw another decrease in the number of units sold to 42 down 9 units from October. We have been seeing more buyers looking at houses and we have had many houses close after December 1st that do not show on this report.
Sumter Real Estate Sold By Month
The Year To Date Closings for 2010 continues to lag behind 2009 numbers. I d not expect to see this gap close in December and 2010 will have fewer homes closed than the prior years.
Sumter Real Estate Sold
Days on Market for Sumter County, South Carolina decreased from 165 in October to 156 in November. There remains many wonderful homes on the market in Sumter, but competition continues to be tough.
Sumter Real Estate Day on Market
Listings per month decreased from 141 in October to 106 in November. These new listings indicate fewer homes going on the market during the months of October and November.

Sumter Listings Per Month

Sumter County year to date listings is still above 2009 levels, but the gap is decreasing rapidly. 2009 showed a fairly steady increase every month and 2010 showed higher numbers earlier again indicating that homes were being placed on the market earlier to increase their exposure and to compensate for longer time on the market.
Sumter Homes Listings Yearly
The number of active listings in the Sumter market continued to decrease for the fourth straight month.
Sumter Homes for Sale
The median home price increased from mce_markerlt;/span>128,870 in October to $132,450 in November. The year to date median home price is $129,900.

Sumter Real Estate Median Home Price

The average $ per square foot increased in November after seeing virtually no change from September to November.

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
Copyright, Kim Peasley-Parker December 2010
Market Summary Thru November 30, 2010

Market Statistic

October 2010

November 2010

Trend

Median Price of Homes Sold

mce_markerlt;span style="font-size: small">128,870

$132,450

+

Average Price of Home Sold

mce_markerlt;span style="font-size: small">132,962

$136,259

+

Least Expensive Home Sold

mce_markerlt;span style="font-size: small">15,000

$5,000

-

Most Expensive Home Sold

mce_markerlt;span style="font-size: small">370,000

$329,000

-

Price/ Sq. Ft.

mce_markerlt;span style="font-size: small">68.95

$71.55

+

Average Days of Market (DOM)

165

156

-

Total Active Inventory

1391

1375

-

Median Home Size

1747

1707

-

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

November saw another decrease in the number of units sold to 42 down 9 units from October. We have been seeing more buyers looking at houses and we have had many houses close after December 1st that do not show on this report.
Sumter Real Estate Sold By Month
The Year To Date Closings for 2010 continues to lag behind 2009 numbers. I d not expect to see this gap close in December and 2010 will have fewer homes closed than the prior years.
Sumter Real Estate Sold
Days on Market for Sumter County, South Carolina decreased from 165 in October to 156 in November. There remains many wonderful homes on the market in Sumter, but competition continues to be tough.
Sumter Real Estate Day on Market
Listings per month decreased from 141 in October to 106 in November. These new listings indicate fewer homes going on the market during the months of October and November.

Sumter Listings Per Month

Sumter County year to date listings is still above 2009 levels, but the gap is decreasing rapidly. 2009 showed a fairly steady increase every month and 2010 showed higher numbers earlier again indicating that homes were being placed on the market earlier to increase their exposure and to compensate for longer time on the market.
Sumter Homes Listings Yearly
The number of active listings in the Sumter market continued to decrease for the fourth straight month.
Sumter Homes for Sale
The median home price increased from mce_markerlt;/span>128,870 in October to $132,450 in November. The year to date median home price is $129,900.

Sumter Real Estate Median Home Price

The average $ per square foot increased in November after seeing virtually no change from September to November.

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
Copyright, Kim Peasley-Parker December 2010

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