How’s the Market?

For the month of May:

May of 2012 in area 1 (Irmo, St. Andrews, Ballentine) there were 1003 homes available for sale 218 of these homes were new to the market.  The average list price was 140,825.  84 went under contract and 90 homes closed with the average sales price being 127,864, that’s 93.57% of the list price vs. sales price.  The average days on the market was 99.  32 homes were withdrawn from the market and 34 expired from the market.

May of 2012 in area 1 (Irmo, St. Andrews, Ballentine) there were 875 homes available for sale 178 of these homes were new to the market.  The average list price was 175,782.  154 went under contract and 115 homes closed with the average sales price being 145,704, that’s 96.26% of the list price vs. sales price.  The average days on the market was 84.  38 homes were withdrawn from the market and 22 expired from the market.

This means comparing May of 2012 to May of 2013.   There are 128 fewer homes available on the market this year, 15% less.  The average list price has increased by about 25%.  The average sales price has increased by about 14%.  The list price vs. sales price has also increased by about 3%.  More homes are selling for more money in less amount of time.  These numbers are results of homes that were listed and sold through the local MLS and does not include homes that were sold outside of the MLS.