The above video shows us a quick overview of the market, but let's dive deeper with this comprehensive look at the February 2022 real estate market in York County, South Carolina.
FEBRUARY 2022 New Listings:
We start by looking at the NEW LISTINGS that came on the market in FEBRUARY and we begin with 2020, where we see there were 425 NEW LISTINGS that came on the market. In FEBRUARY of 2021, we find we decreased by -19.1 percent with 344 NEW LISTINGS. This year in FEBRUARY of 2022, we decreased again by -5.5 percent with 325 NEW LISTINGS.
FEBRUARY 2022 Homes for Sale:
We again, start by looking at FEBRUARY of 2020, where we see there were 784 HOMES FOR SALE. In FEBRUARY of 2021, we find a decrease of -62.0 percent with 298 HOMES FOR SALE. This year in FEBRUARY of 2022, we decreased again by -32.2 percent with only 202 HOMES FOR SALE.
FEBRUARY 2022 Pending Sales:
Let's view FEBRUARY of 2020, where we see there were 392 PENDING SALES. In FEBRUARY of 2021, we decreased by -10.7 percent with 350 PENDING SALES. This year in FEBRUARY, we increased by +6.6 percent with 373 PENDING SALES.
FEBRUARY 2022 Median Days on Market:
Let's view FEBRUARY of 2020, where we see there were 16 MEDIAN DAYS ON MARKET. In FEBRUARY of 2021, we decreased from the previous year by -62.5 percent with 6 Median Days on Market. This year in FEBRUARY, we held even with the previous year with still only 6 Median Days on Market.
FEBRUARY 2022 Months Supply of Homes for Sale:
In FEBRUARY of 2020, the MONTHS SUPPLY OF HOMES FOR SALE was 2.0. In FEBRUARY of 2021, we decreased by -65.0 percent with a 0.7 MONTHS SUPPLY OF HOMES FOR SALE. This year in FEBRUARY, we decreased by -28.6percent with only 0.5 MONTHS SUPPLY OF HOMES FOR SALE!
So there is your comprehensive LOCAL look at the real estate market. If you are considering a sale of your home then now might be a perfect time as the competition is still be pretty low as we mentioned the inventory of homes is down by -32.2 percent from 2021 and the median number of days on market is still low with only 6 days! If you are interested in buying a home then let us help you get a competitive advantage. Please reach out to the Linda Hall Team. We'd love to assist you!!