Sumter SC October 2010 Market Update

By
Real Estate Agent with AgentOwned Realty, Heritage Group, Inc.
September 2010 Sumter, SC Market Report
 
 
Market Summary Thru October 31, 2010
 

Market Statistic

September 2010

October 2010 

Trend

Median Price of Homes Sold

$124,800

$128,870

+

Average Price of Home Sold

$129,378

 $132,962

+

Least Expensive Home Sold

$6,000

$15,000

+

Most Expensive Home Sold    

$335,000

$370,000

+

Price/ Sq. Ft.

$68.99

 $68.95

-

Average Days of Market (DOM)

181

 165

-

Total Active Inventory

1397

 1391

-

Median Home Size

1649

 1747

+

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

 

 

October saw a decrease in the number of units sold to 51 down 23 units from September.  Interest rates are truly at historical lows, but buyers seem to be staying out of the market due to the economy and I think some apprehension about the elections.  
 

The Year To Date Closings for 2010 continues to lag behind 2009 numbers and October contributed to that gap increasing.  I expect to see this gap remain as we don't foresee a tax credit coming back for home buyers as it did in November and December of 2009.    
 
 
 
 
 
Days on Market for Sumter County, South Carolina decreased from 181 in September to 165 in October.  There remains many wonderful homes on the market in Sumter, but competition continues to be tough.
 
Sumter SC real estate days on market 
Listings per month decreased from 145 in September to 141 in October.  These new listings indicate fewer homes going on the market during the months of September and October.  
Sumter New Listings per Month
 
Sumter County year to date listings is still above 2009 levels, but the gap is decreasing.  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 Year To Date Listings    
 
The number of active listings in the Sumter market continued to decrease for the third straight month. 
 
Sumter Active Listings 
The median home price increased from $124,800 in September to $128,870 in October.  The year to date median home price is $134,178. 


Sumter Median Home Price 

 
The average $ per square foot remained virtually the same in September and October.    
Sumter Avg $ 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 November 2010
 
 

 

Posted by

Information and Content in this blog is original to Kim Peasley-Parker unless otherwise stated.

Kim Peasley-Parker, Sumter Real Estate

 

 

Kim Peasley-Parker

Realtor (R) /Shareholder

AgentOwned Realty Company

Heritage Group, Inc.

Cell 803-840-7519

Email: kim@agentownedrealty.com

 

 

 

                   Search By Map Search By Sudivision Homes for Sale

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
South Carolina Sumter County Sumter
Groups:
AgentOwned Realty
Tags:
sumter market report
sumter real estate market
shaw homes
kim peasley parker
real estate in sumter

Anonymous
Post a Comment
Spam prevention
Spam prevention
Anonymous
Post a Comment
Spam prevention
Rainmaker
239,183

Kim Peasley-Parker

Ask me a question
*
*
*
Spam prevention