September 2011 Sumter Real Estate Market Report

Posted By Kim PeasleyParker @ Oct 12th 2011 10:15am In: Sumter Real Estate Monthly Report

Market Summary Thru September 30, 2011

Market Statistic	August 2011	September 2011	Trend
Median Price of Homes Sold	$144,000	$127,000	-
Average Price of Home Sold	$142,616	$127,813	-
Least Expensive Home Sold	$6,000	$7,000	+
Most Expensive Home Sold	$308,000	$256,670	-
Price/ Sq. Ft.	$76.36	$71.28	-
Average Days of Market (DOM)	163	172	+
Total Active Inventory	1339	1339	NC
Median Home Size	1751	1617	-
Median Number of Bedrooms	3	3
Median Number of Bathrooms	2	2

In Sumter, South Carolina Real Estate we saw home sales fall from 76 properties in August to 74 in September. I expect to see this number fall even lower in October. We have seen a decrease in buyer activity and the total number of properties that are under contract or pending which is a good indicator of the units that will close in the next 30 days.

Sumter Houses Sold By Month

The total number of residential properties closed in Sumter Year to Date for 2011 is less than the Year to Date numbers for 2010 and 2009. I expect Sumter will stay below the 2010 sales levels through the end of 2011. Due to the low sales levels in the last quarter of 2010, we may see our Year To Date sales actually exceed 2010 but that is only if Sumter has more closings in the last quarter of 2011.

Days on Market in the residential market in Sumter real estate jumped to 172 days. This number is based on the properties sold in Sumter county so while it is increased, this means some of the older inventory has sold.

New Listings decreased to 133 properties that were listed or put on the market for sale in August 2011.

Listings Per Month

Year to Date Listings for 2011 is still lower than 2010 Year to Date Listing for August and also less than 2009 Year to Date Listings during the same time period.

The number of active listings remained unchanged at 1339 residential properties being actively marketed for sale in Sumter.

Sumter Active Listings

The Median home price in Sumter fell to $127,000. The median home price fell out of the $140,000 range for the first time in three months. This in

Sumter Median home Price

The average price per square foot in Sumter decreased to $71.28 per square foot indicating a shift in the mixture of properties sold during September.

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

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