Looking at the latest Existing Home Sales numbers from NAR for February 2013 and local market conditions in Upstate South Carolina…
NAR® just released their Existing Home Sales numbers for February 2013:
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.8 percent to a seasonally adjusted annual rate of 4.98 million in February from an upwardly revised 4.94 million in January, and are 10.2 percent above the 4.52 million-unit level seen in February 2012. February sales were at the highest level since the tax credit period of November 2009.
Let’s look at local market conditions in Upstate South Carolina:
I wish that things in our area had improved just like they did for the entire US. But we did see improvement in one area that should help sellers to feel better. The Average Days on Market for February 2013 did improve quite a bit from the February 2012 level. This means that in February 2013 it took an average of 123 days for a home to sell compared to 167 days for the homes that sold in February 2012.
These stats can be somewhat deceptive since they are for the entire Western Upstate MLS. This is just the basics and might give you the wrong idea. If you have questions about real estate in Anderson South Carolina, please don’t hesitate to contact me!