As we close out 2024, the real estate market in York County, South Carolina, continues to evolve. Understanding the latest market trends can make all the difference whether buying or selling. Here’s a breakdown of December 2024’s housing data and what it means for you.
Pending Sales
Pending sales in York County increased by 14.8%, with 202 contracts signed in December. This rise indicates strong demand, making it a favorable time for sellers to list their homes. Buyers should be prepared to act quickly in this competitive market.
New Listings
New listings grew by 28%, reaching 224 homes in December. This increase provides buyers with more options while signaling a more balanced market. Sellers, however, should price competitively to stand out among the growing inventory.
Months Supply of Homes for Sale
The months supply of homes for sale rose by 33.3% to 2.4 months. While this still leans towards a seller’s market, it indicates a gradual shift towards balance. Buyers may find slightly more negotiating power as inventory levels increase.
Median Days on Market
Median days on market in York County climbed to 23 days, a 53.3% increase from last year. For buyers, this means more time to consider options. Sellers should ensure their homes are well-staged and competitively priced to attract faster offers.
Homes for Sale
The total number of homes for sale in York County increased by 34.1%, reaching 676. This growth in inventory provides buyers with more choices but also means sellers need to invest in effective marketing to make their properties stand out.