The above video shows us a quick overview of the market, but let's dive deeper with this comprehensive look at the MARCH 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 MARCH, and we begin with 2021, where we see there were 436 NEW LISTINGS that came on the market. In MARCH of 2022, we found we decreased by -12.8 percent with 380 NEW LISTINGS. This year in MARCH, we decreased by -4.5 percent with 363 NEW LISTINGS.
Homes for Sale
We, again, start by looking at MARCH 2021, where we see there were 217 HOMES FOR SALE. In MARCH of 2022, we find a slight increase of +1.8 percent with 221 HOMES FOR SALE. This year in MARCH, we increased by +50.7 percent with 333 HOMES FOR SALE.
Pending Sales
Let's view MARCH of 2021, where we see there were 415 PENDING SALES. In 2022, we decreased by -13.7 percent with 358 PENDING SALES. This year we decreased by -8.9 percent with 326 PENDING SALES.
Average Days on Market
Let's view MARCH of 2021, where we see there were 15 AVERAGE DAYS ON MARKET. In 2022, we increased from the previous year by +33.3 percent, with 20 Average Days on the Market. This year we increased by +130.0 percent with 46 Average Days on the Market.
Months Supply of Homes for Sale:
In MARCH of 2021, the MONTHS SUPPLY OF HOMES FOR SALE was 0.60 months. In 2022 we held even from the previous year with still a 0.60 MONTH SUPPLY OF HOMES FOR SALE. This year we increased from the previous year by +83.3 percent with a 1.10 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 1.10 months for the current inventory of homes on the market to sell given the current sales pace.
Average Showings to Pending
In MARCH of 2021, the Average Showings to Pending were 16. In 2022 we decreased by -6.3 percent from the previous year, with 15 showings to pending. This year we increased from the previous year by +13.3 percent to 17 showings to pending.
So there 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. Let's reach your real estate goals in 2023!