The above video shows us a quick overview of the market, but let's dive deeper with this comprehensive look at the MARCH 2022 real estate market in York County, South Carolina.
MARCH 2022 New Listings:
We start by looking at the NEW LISTINGS that came on the market in MARCH and we begin with 2020, where we see there were 729 NEW LISTINGS that came on the market. In MARCH of 2021, we find we decreased by -9.7 percent with 658 NEW LISTINGS. This year in MARCH of 2022, we decreased again by -22.2 percent with 512 NEW LISTINGS.
MARCH 2022 Homes for Sale:
We again, start by looking at MARCH of 2020, where we see there were 1,425 HOMES FOR SALE. In MARCH of 2021, we find a decrease of -56.1 percent with 625 HOMES FOR SALE. This year in MARCH of 2022, we decreased again by -41.3 percent with only 367 HOMES FOR SALE.
MARCH 2022 Pending Sales:
Let's view MARCH of 2020, where we see there were 546 PENDING SALES. In MARCH of 2021, we decreased by +13.7 percent with 621 PENDING SALES. This year in MARCH, we decreased by -11.8 percent with 548 PENDING SALES.
MARCH 2022 Median Days on Market:
Let's view MARCH of 2020, where we see there were 19 MEDIAN DAYS ON MARKET. In MARCH of 2021, we decreased from the previous year by -84.2 percent with 3 Median Days on Market. This year in MARCH, we increased by +33.3 percent with 4 Median Days on Market.
MARCH 2022 Months Supply of Homes for Sale:
In MARCH of 2020, the MONTHS SUPPLY OF HOMES FOR SALE was 2.9. In MARCH of 2021, we decreased by -58.6 percent with a 1.2 MONTHS SUPPLY OF HOMES FOR SALE. This year in MARCH, we decreased by -41.7 percent with only 0.7 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 -41.3 percent from 2021 and the median number of days on market is still low with only 4 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!!