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Home January 2011 Sumter Real Estate Market Report

January 2011 Sumter Real Estate Market Report

Originally Posted on www.sumterhomepros.com
Market Summary Thru January 31, 2011

Market Statistic

December 2010

January 2011

Trend
Median Price of Homes Sold

$142,500

$120,306

+

Average Price of Home Sold

$150,567

$133,783

+

Least Expensive Home Sold

$6,000

$19,900

+

Most Expensive Home Sold

$550,000

$318,000

+

Price/ Sq. Ft.

$73.67

$74.95

+

Average Days of Market (DOM)

197

150

+

Total Active Inventory

1280

1356

+

Median Home Size

1735
1620

-

Median Number of Bedrooms

3

3

Median Number of Bathrooms

2

2

January is typically a slower month in the Sumter Real Estate Market and 2011 proved to follow prior years with the number of closings down from 61 in December 2010 to 38 in January 2011.
Sumter Real Estate Units Sold Per Month January 2011

Year to Date closings is for the month of January only.
Sumter Real Estate Year to Date Units Sold January 2011
Days on Market for Sumter County, South Carolina decreased to 150 in January.
Sumter Real Estate Days On Market January 2011
Listings per month increased from 95 in December to 147 in January. This increase in listings isn't untypical as more home sellers are receiving orders for spring PCSing and also many sellers delay putting their homes on the market during the holidays.

Sumter Real Estate Listings per Month January 2011

The Year to Date Listings is for the month of January only. 2011 has started out very similar to prior years.
Sumter SC Real Estate Year To Date Listings January 2011
The number of active listings in the Sumter has remained around the 1300 mark with some fluctuation over the past few months. The end of January 2011 has 1356 active listings.

Sumter SC Real Estate Market Active Listings January 2011
The median home price decreased from $142,500 in December to $120,306 in January.

Sumter SC Median Home Price January 2011

The average $ per square foot increased in January to $74.95.
Sumter SC Real Estate Price per Square Foot January 2011
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 February 2011

Posted Thursday Feb 10