Sales Info, Or How Are We Doing, Really?

By
Real Estate Agent

Been awhile since I've posted any sales information.  As I'm not selling real estate anymore I've found it better to leave those posts to people who are actually in the trenches.

But, I thought maybe I'd take a quick look at how last year went, compared to the three years before.  Are we better? Worse? About the same?  Well, here goes...

The usual caveats apply.  This information addresses only residential properties.  I did not look at commercial or land.  These properties were in and around the Sumter area (Sumter, Lee and Clarendon Counties, for the most part).

This chart depicts solds, pendings, withdrawns and expireds by year from 2007 to 2010.  It should be noted that our MLS provider doesn't keep data forever, the expireds and withdrawns get dumped after awhile.  So the very low numbers in 2007 and 2008 aren't necessarily indicative of low numbers -- those listings may just have gotten deleted to save space.

Sold, Pending, Withdrawn, Expired

Looks like a trend downward to me, even without the drastic "uptick" in withdrawns and expireds.  Fewer houses moving, fewer contracts being accepted.

 

Next, I put together a chart to look at average list and sales prices, from 2007 to 2010.

Average List and Sales Prices

This seems to indicate that we had a fairly steady downward trend, until last year.  2010 seemed to show an increase in list and sales prices both.  An increase in one or the other wouldn't be good news, but both...  Well, it's only one year, and the second foreclosure wave is about to hit us.  But if it's a good sign we're all going to be happy for it.

Last I compared days on market and the list to sales price percentage, which around here doesn't move much. And it didn't.

Days on market and list to sales percentage

Homes are taking a bit longer to sell, but the list to sales price percentage is holding steady.  So, still no bubble.  Which is a good thing.

That's about it for now.  All of the above information was taken from the Sumter Board of Realtors® / MLS on January 16, 2011.

 

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Topic:
Real Estate Market Trends
Location:
South Carolina Sumter County
Tags:
real estate
homes for sale
homes sold
sumter
sumpter
sc
south carolina
home buying
home prices
home sellers

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Rainmaker
430,344
Ritu Desai
Northern Virginia Realtor - Fairfax/Loudoun/PW - 7
Samson Properties

Juanita, great graphs and visual presention of the market report. Good luck with your market.

January 16, 2011 08:36 PM
Rainmaker
57,673
Juanita Thompson

Thanks, Ritu!

January 21, 2011 10:53 AM
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Rainmaker
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Juanita Thompson

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