Welcome to our exclusive report on the April 2024 Real Estate Market Update for York County, South Carolina. Today, The Linda Hall Team from Century 21 First Choice is delighted to present you with the latest happenings, data, and insightful analysis that reflects the constantly evolving local real estate landscape. Our primary objective is to equip you with valuable information, allowing you to navigate these market dynamics with confidence. Whether you're a motivated buyer, a savvy seller, or simply a curious observer of the market's evolution, we are fully dedicated to keeping you well-informed and empowered on your real estate journey. Let's now delve into the intricate details and explore what April 2024 has in store for York County's real estate market.
New Listings in April 2024:
For a comprehensive overview, let's examine the data from 2022. During that period, a total of 579 new listings emerged in the market. Shifting our focus to April 2023, we observed a decline of 27.1 percent, leading to only 422 new listings. However, in April 2024, a significant rebound occurred, with a 35.3 percent increase, resulting in a total of 571 fresh listings.
Homes for Sale in April 2024:
Moving ahead, let's direct our attention to the available homes for sale in April 2022, where the count was 540. In April 2023, a growth of +11.7 percent was witnessed, reaching a total of 603 homes for sale. Fast forward to this year, in April, we experienced an even more substantial increase of +19.7 percent, resulting in 722 homes available for prospective buyers.
Pending Sales in April 2024:
Now, let's shift focus to April 2022, where the records indicate 471 pending sales. In April 2023, a slight decrease of -8.5 percent occurred, bringing the count to 431 pending sales. However, this year, in April, a positive trajectory resumed, showing a +6.3 percent increase with 458 pending sales.
Median Days on Market in April 2024:
Now let's look at the median days on the market for April 2022, where the figure stood at 4 days. In April 2023, there was an increase from the previous year, with the median days on the market reaching 9. Continuing this trend, the figure elevated by 55.6 percent this year, resulting in 14 median days on the market.
Months Supply of Homes for Sale in April 2024 :
Moving on to April 2022, the months supply of homes for sale was 1.1. By April 2023, the supply increased by +45.5 percent, attaining a 1.6 months supply of homes for sale. This year, the upward trend persisted, with a +25.0 percent increase, resulting in a 2.0 months supply of homes available for potential buyers.
In conclusion, we have provided you with an extensive local analysis of the real estate market. If you are contemplating selling your home, now is a favorable time due to reduced competition and shorter-than-average time on the market. Conversely, if you are seeking to buy a home, allow us to assist you in gaining a competitive advantage. Feel free to reach out to The Linda Hall Team. We are eager to offer our expertise and support.