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Home April 2011 Sumter SC Market Reports

April 2011 Sumter SC Market Reports

Market Summary Thru April 30, 2011

Market Statistic

March 2011

April 2011

Trend
Median Price of Homes Sold

$142,400

$125,000

-

Average Price of Home Sold

$151,137

$125,458

-

Least Expensive Home Sold

$13,000

$7,000

-

Most Expensive Home Sold

$499,000

$350,000

-

Price/ Sq. Ft.

$75.63

$69.50

-

Average Days of Market (DOM)

168

177

+

Total Active Inventory

1397

1436

+

Median Home Size

1826
1641

-

Median Number of Bedrooms

3

3

Median Number of Bathrooms

2

2

April 2011 showed a pick up in sales in the Sumter Real Estate Market. April 2011 units sold was th highest the Sumter market has seen since June 2010. The activity in the Sumter Real Estate Market has varied by week, but we are starting to experience the spring selling season.
April Monthly Units Sold

While Year To Date Closings are still below 2010 levels, we have made progress in "catching" up with those numbers with March and April home sales.
April 2011 Units Sold Year To Date
Days on Market for Sumter County, South Carolina increased to 177.
April 2011 Days On Market
Listings per month increased from 164 in March to 166 in April. February, March and April new listings have all consistently fallen into the mid 160's.

April 2011 Sumter Listings Per Month

The Year to Date Listings remain between 2009 and 2010 levels. I fully expect to see those numbers stay in that range.
April 2011 Sumter Year To Date Listings
The number of Active Listings did increase in April and I expect to see an increase until July. After July, the number of active listings begins to fall slowly as houses are sold, rented or withdrawn from the market. The introduction of the Third Army into the Sumter home market may influence the Sumter market to not follow prior years, but this trend hasn't been broken as of March.

April 2011 Sumter Active Listings

The median home price fell from $142,400 in March to $125,000 in April. Again this trend follows the highest price home sold and $ per square foot.

April 2011 Sumter Median Home Price

The average $ per square foot decreased in Aprilto $69.50.
April 2011 Sumter Average Price per Sq 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 May 2011

Posted Monday May 23