Welcome to our latest York County Property Market Insights edition for November 2023. Let’s explore the ever-evolving real estate landscape of York County together.
The above video shows us a quick overview of the market, but let's dive deeper with this comprehensive look at the NOVEMBER 2023 real estate market in York County, South Carolina.
New Listings
We start by looking at the NEW LISTINGS that came on the market in NOVEMBER, and we begin with 2021, where we see there were 370 NEW LISTINGS that came on the market. In NOVEMBER of 2022, the inventory of new listings decreased by -34.3 percent, with only 243 NEW LISTINGS. This year, in NOVEMBER, the new listings that came on the market increased by +14.4 percent with 278 NEW LISTINGS. Still quite lower than in 2021.
Homes for Sale
We, again, start by looking at NOVEMBER 2021, where we see there were 337 HOMES FOR SALE. In NOVEMBER of 2022, we found an increase of +62.9 percent with 549 HOMES FOR SALE. This year, in NOVEMBER, we decreased by -7.1 percent with 510 HOMES FOR SALE.
Pending Sales
Let's view NOVEMBER of 2021, where we see there were 351 PENDING SALES. In 2022, we decreased by -41.6 Percent with 205 PENDING SALES. This year, we increased by +8.3 percent with 222 PENDING SALES.
Median Days on Market
Let's view NOVEMBER of 2021, where we see there were 4 MEDIAN DAYS ON MARKET. In 2022, we increased from the previous year by +400.0 percent, with 20 Median Days on the Market. This year, we decreased by -25.0 percent with 15 Median Days on the Market.
Months Supply of Homes for Sale:
In NOVEMBER of 2021, the MONTHS SUPPLY OF HOMES FOR SALE was 0.9 months. In 2022, we increased by +88.9 percent from the previous year with a 1.7 MONTH SUPPLY OF HOMES FOR SALE. This year, we increased from the previous year by +5.9 percent with a 1.8 MONTHS SUPPLY OF HOMES FOR SALE. This statistic is the ratio of new houses for sale to new houses sold. In other words, it would take 1.8 months for the current inventory of homes on the market to sell, given the current sales pace.
Median Showings to Pending
In NOVEMBER of 2021, the Median Showings to Pending were 10. In 2022, we increased from the previous year by 10%, with 11 showings to pending. This year, we decreased from the previous year by -27.3 percent to 8 showings to pending.
So here is your comprehensive LOCAL look at the real estate market. If you are considering selling your home this year, pricing your home correctly will make a world of difference, and we'd like to help you with that. Contact The Linda Hall Team of Century 21 First Choice. Let's reach your real estate goals in 2023!