Housing Supply Overview Soon enough, recent price gains should unlock more inventory so that buyers have more choices. Eventually, housing recovery will be referred to as simply housing. For the 12-month period spanning August 2012 through July 2013, Pending Sales in the Western Upstate region were up 9.5 percent overall. The price range with the largest gain in sales was the $100,001 to $150,000 range, where they increased 21.5 percent. The overall Median Sales Price was up 3.8 percent to $131,000. The property type with the largest price gain was the Single-Family segment, where prices increased 3.5 percent to $134,500. The price range that tended to sell the quickest was the $100,001 to $150,000 range at 127 days; the price range that tended to sell the slowest was the $350,001 and Above range at 178 days. Market-wide, inventory levels were up 0.8 percent. The property type that gained the most inventory was the Single-Family segment, where it increased 1.5 percent. That amounts to 14.3 months supply for Single-Family homes and 18.9 months supply for Condos.
Posted on: Thu, 15 Aug 2013 02:38:06 +0000