Monthly Indicators (this article is reprinted from information provided by the Beaufort County Association of Realtors)

 

A RESEARCH TOOL PROVIDED BY THE BEAUFORT COUNTY ASSOCIATION OF REALTORS®

 

September 2013

 

Do you hear that? Hummmmm. That's the delightful sound of normalcy. Buyers are buying, sellers are selling, lenders are lending and builders are building. Sure, this varies from region to region and even city to city within a region or state, but by and large, things are returning to normal. All major indices showcase fairly robust price recovery. Consumer confidence isn't what it could be, but it's sufficient for now.

 

New Listings in the Beaufort region decreased 5.3 percent to 179. Pending Sales were up 28.2 percent to 100. Inventory levels shrank 13.2 percent to 1,435 units.

 
Quick Facts

 

+ 23.5%

- 2.1%

- 13.2%

Change in

Change in

Change in

Closed Sales

Median Sales Price

Inventory

 

 

Prices were a tad soft. The Median Sales Price decreased 2.1 percent to $184,950. Days on Market was up 8.5 percent to 200 days. Absorption rates improved as Months Supply of Inventory was down 26.6 percent to 13.3 months.

 

There's some evidence that it's not just first-time home buyers fueling the recovery. Move-up buyers are also pulling their weight. Some baby-boomers are ready to look for less space, nudging Junior out of the basement. The pizza boxes and late-night video games get old, plus there's a fresh crop of buyers looking for a bigger space to raise their own little darlings.


 

 Market Overview

2

 New Listings

3

 Pending Sales

4

 Closed Sales

5

 Days On Market Until Sale

6

 Median Sales Price

7

 Average Sales Price

8

 Percent of List Price Received

9

 Housing Affordability Index

10

 Inventory of Homes for Sale

11

 Months Supply of Inventory

12

 

Click on desired metric to jump to that page.

 

All data comes from the Beaufort County Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. |  1

 

Market Overview

 

Key market metrics for the current month and year-to-date figures.

 

 

Key Metrics

Historical Sparklines

 

9-2012

9-2013

+ / –

YTD 2012

YTD 2013

+ / –

 

New Listings

 

 

 

189

179

- 5.3%

1,731

1,727

- 0.2%

 

 

9-2010

9-2011

9-2012

9-2013

 

 

 

 

 

 

Pending Sales

 

 

 

78

100

+ 28.2%

893

1,015

+ 13.7%

 

 

9-2010

9-2011

9-2012

9-2013

 

 

 

 

 

 

Closed Sales

 

 

 

85

105

+ 23.5%

819

980

+ 19.7%

 

 

9-2010

9-2011

9-2012

9-2013

 

 

 

 

 

 

Days on Market Until Sale

 

 

 

184

200

+ 8.5%

201

196

- 2.4%

 

 

9-2010

9-2011

9-2012

9-2013

 

 

 

 

 

 

Median Sales Price

 

 

 

$188,978

$184,950

- 2.1%

$175,000

$183,000

+ 4.6%

 

 

9-2010

9-2011

9-2012

9-2013

 

 

 

 

 

 

Average Sales Price

 

 

 

$206,786

$243,916

+ 18.0%

$210,634

$227,958

+ 8.2%

 

 

9-2010

9-2011

9-2012

9-2013

 

 

 

 

 

 

Percent of List Price Received

 

 

 

94.5%

94.7%

+ 0.2%

94.3%

94.9%

+ 0.7%

 

 

9-2010

9-2011

9-2012

9-2013

 

 

 

 

 

 

Housing Affordability Index

 

 

 

171

162

- 5.6%

182

163

- 10.5%

 

 

9-2010

9-2011

9-2012

9-2013

 

 

 

 

 

 

Inventory of Homes for Sale

 

 

 

1,653

1,435

- 13.2%

--

--

--

 

 

9-2010

9-2011

9-2012

9-2013

 

 

 

 

 

 

Months Supply

 

 

 

18.2

13.3

- 26.6%

--

--

--

 

of Homes for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9-2010

9-2011

9-2012

9-2013

 

 

 

 

 

 

 

 All data comes from the Beaufort County Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page |  2

 

New Listings

 

A count of the properties that have been newly listed on the market in a given month.

 

September

 

 

Year To Date

 

 

 

Month

Prior

Current

+ / –

 

 

189

 

 

 

 

 

 

 

Year

Year

 

 

 

179

1,715

1,731

1,727

 

October

138

176

+27.5%

 

 

 

 

 

 

 

 

 

November

137

132

-3.6%

 

 

 

 

 

 

 

 

 

 

150

 

 

 

 

 

 

 

December

124

122

-1.6%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January

202

209

+3.5%

 

 

 

 

 

 

 

 

 

February

220

228

+3.6%

 

 

 

 

 

 

 

 

 

March

221

206

-6.8%

 

 

 

 

 

 

 

 

 

April

197

204

+3.6%

 

 

 

 

 

 

 

 

 

May

195

187

-4.1%

 

 

 

 

 

 

 

 

 

June

188

179

-4.8%

 

 

 

 

 

 

 

 

 

July

132

182

+37.9%

 

 

+26.0%

-5.3%

 

 

+0.9%

-0.2%

 

August

187

153

-18.2%

 

 

 

 

 

September

189

179

-5.3%

 

 

 

 

 

 

 

 

 

 

2011

2012

2013

2011

2012

2013

 

12-Month Avg

178

180

+1.3%

 

 

 

 

Historical New Listing Activity

 

330

 

280

 

230

 

180

 

130

 

80

 

30

 

 

 

 

 

 

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

 

 

 All data comes from the Beaufort County Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page |  3

 

Pending Sales

 

A count of the properties on which contracts have been accepted in a given month.

 

September

 

 

Year To Date

 

 

 

Month

Prior

Current

+ / –

 

 

 

 

 

 

 

 

 

 

Year

Year

 

 

 

 

 

 

 

 

 

 

October

69

104

+50.7%

 

 

 

100

 

 

 

1,015

 

November

71

90

+26.8%

 

 

 

 

 

 

 

December

58

81

+39.7%

 

 

 

 

 

 

893

 

 

 

 

 

 

 

 

 

 

January

80

113

+41.3%

 

 

78

 

798

 

 

 

 

71

 

 

 

 

February

100

89

-11.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March

130

137

+5.4%

 

 

 

 

 

 

 

 

 

April

109

121

+11.0%

 

 

 

 

 

 

 

 

 

May

95

111

+16.8%

 

 

 

 

 

 

 

 

 

June

98

113

+15.3%

 

 

 

 

 

 

 

 

 

July

91

128

+40.7%

 

 

+9.9%

+28.2%

 

 

+11.9%

+13.7%

 

August

112

103

-8.0%

 

 

 

 

 

September

78

100

+28.2%

 

 

 

 

 

 

 

 

 

 

2011

2012

2013

2011

2012

2013

 

12-Month Avg

91

108

+18.2%

 

 

  Historical Pending Sales Activity

 

140

 

 

 

 

 

 

120

 

 

 

 

 

 

100

 

 

 

 

 

 

80

 

 

 

 

 

 

60

 

 

 

 

 

 

40

 

 

 

 

 

 

20

 

 

 

 

 

 

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

 

 

 All data comes from the Beaufort County Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page |  4

 

Closed Sales

 

A count of the actual sales that have closed in a given month.

 

<td valign="bottom" w

September

 

 

Year To Date

 

 

 

Month

Prior

Current

+ / –

 

 

 

 

 

 

 

 

 

 

Year

Year

 

 

 

 

 

 

 

 

 

 

October

80

103

+28.8%

 

 

 

105

 

 

 

980

 

November

74

87

+17.6%

 

 

 

 

 

 

 

 

December

71

98

+38.0%

 

 

 

 

 

 

 

 

 

 

 

85

 

 

 

819

 

 

January

50

100

+100.0%

 

 

 

 

760

 

 

 

 

 

 

 

 

 

 

 

 

 

February

69

93

+34.8%

 

 

 

 

 

 

 

 

 

 

58

 

 

 

 

 

 

 

March

93

108

+16.1%

 

 

 

 

 

 

 

 

April

115

98

-14.8%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

May

99

127

+28.3%

 

 

 

 

 

 

 

 

 

June