As summer heats up, so does the real estate market in York County, South Carolina. July 2024 brought a mix of dynamic shifts and emerging trends that every buyer and seller should know. In this month's market report, The Linda Hall Team of Century 21 First Choice dives into the latest data, highlighting key factors such as average home prices, inventory levels, and buyer demand. Whether you're considering buying, selling, or just staying informed, our detailed analysis offers valuable insights to help you navigate the local market with confidence.

New Listings:

 

To gain a full perspective on the market trends for July 2024 in York County, we can examine the data from previous years. In 2022, there were 452 new listings. However, July 2023 saw a decline of 15.3%, resulting in only 383 new listings. This year, there was an increase of 13.1%, bringing the total number of new listings to 433.

Homes For Sale:

In July 2022, there were a total of 537 homes available for sale in York County. This figure dropped by 17.3% in July 2023, leaving only 444 homes on the market. However, this year saw a remarkable 49.5% increase, with 664 homes now available for prospective buyers.

Pending Sales:

In July 2022, there were 341 pending sales recorded. This number decreased by 5.0% in July 2023, dropping to 324 pending sales. However, this year has seen a positive trend, with a 5.2% increase, bringing the number back to 341 pending sales in July.

Median Days on Market:

The median days on the market for homes was 5 days in July of 2022. This figure increased by 80.0% to 9 median days in July of 2023 and then elevated once again by 88.9% this year, resulting in a median of 17 days on the market.

Months Supply Of Homes For Sale:

In July 2022, the months' supply of homes for sale was 1.5. By July 2023, this supply increased by 6.7%. This upward trend continued this year with a 50.0% rise, resulting in a 2.4-month supply of homes available for potential buyers.

As we observe these shifting trends in the York County real estate market, it's clear that staying informed is crucial for making the best decisions, whether you're buying, selling, or simply monitoring the market. The Linda Hall Team of Century 21 First Choice is here to help you navigate these changes with confidence and expertise. Our dedicated team of professionals is ready to assist you with all your real estate needs. Contact us today to schedule a consultation and let us guide you through your next real estate journey. Your dream home awaits!