The above video shows us a quick overview of the market, but let's dive deeper with this comprehensive look at the JULY 2022 real estate market in York County, South Carolina.
JULY 2022 New Listings:
We start by looking at the NEW LISTINGS that came on the market in JULY and we begin with 2020, where we see there were 471 NEW LISTINGS that came on the market. In JULY of 2021, we find we increased by +14.9 percent with 541 NEW LISTINGS. This year in JULY of 2022, we decreased by -13.3 percent with 514 NEW LISTINGS.
JULY 2022 Homes for Sale:
We again, start by looking at JULY of 2020, where we see there were 551 HOMES FOR SALE. In JULY of 2021, we find a decrease of -27.2 percent with 491 HOMES FOR SALE. This year in JULY of 2022, we increased by +25.9 percent with 505 HOMES FOR SALE. Still lower in inventory from 2020.
JULY 2022 Pending Sales:
Let's view JULY of 2020, where we see there were 469 PENDING SALES. In 2021, we increased by +1.1 percent with 474 PENDING SALES. This year we decreased by -19.8 percent with 380 PENDING SALES.
JULY 2022 Median Days on Market:
Let's view JULY of 2020, where we see there were 9 MEDIAN DAYS ON MARKET. In 2021, we decreased from the previous year by -66.7 percent with 3 Median Days on the Market. This year we increased by +66.7 percent with 5 Median Days on the Market.
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JULY 2022 Months Supply of Homes for Sale:
In JULY of 2020, the MONTHS SUPPLY OF HOMES FOR SALE was 1.4 months. In 2021 we decreased by -28.6 percent with a 1 MONTHS SUPPLY OF HOMES FOR SALE. This year we increased from the previous year by +30.0 percent with a 1.3 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 there is still plenty of time as the competition remains pretty low as we mentioned the inventory of homes is only 505 in the WHOLE county! 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!!