The above video shows us a quick overview of the market, but let's dive deeper with this comprehensive look at the January 2022 real estate market in York County, South Carolina.
JANUARY 2022 New Listings:
We start by looking at the NEW LISTINGS that came on the market in JANUARY and we begin with 2020, where we see there were 392 NEW LISTINGS that came on the market. In JANUARY of 2021, we find we decreased by -9.7 percent with 354 NEW LISTINGS. This year in JANUARY of 2022, we decreased again by -10.7 percent with 316 NEW LISTINGS.
JANUARY 2022 Homes for Sale:
We again, start by looking at JANUARY of 2020, where we see there were 801 HOMES FOR SALE. In JANUARY of 2021, we find a decrease of -59.4 percent with 325 HOMES FOR SALE. This year in JANUARY of 2022, we decreased again by -25.5 percent with only 242 HOMES FOR SALE.
JANUARY 2022 Pending Sales:
Let's view JANUARY of 2020, where we see there were 354 PENDING SALES. In JANUARY of 2021, we increased by +4.5 percent with 370 PENDING SALES. This year in JANUARY, we decreased by -2.4 percent with 361 PENDING SALES.
JANUARY 2022 Median Days on Market:
Let's view JANUARY of 2020, where we see there were 25 MEDIAN DAYS ON MARKET. In JANUARY of 2021, we decreased from the previous year by -80.0 percent with 5 Median Days on Market. This year in JANUARY, we held even with the previous year with still only 5 Median Days on Market.
JANUARY 2022 Months Supply of Homes for Sale:
In JANUARY of 2020, the MONTHS SUPPLY OF HOMES FOR SALE was 2.0. In JANUARY of 2021, we decreased by -60.0 percent with a 0.8 MONTHS SUPPLY OF HOMES FOR SALE. This year in JANUARY, we decreased by -25.0 percent with only 0.6 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 -25.5 percent from 2021 and the median number of days on market is still low with only 5 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!!