Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS February 2018 Mortgage rates are on the rise. When this happens, it means that buyers in the lower-priced categories tend to have the dilemma of choosing to pay more for their desired home, paying less to get less, waiting for more listings or saving more money toward a downpayment. For the 12-month period spanning March 2017 through February 2018, Pending Sales in the Aiken region were up 10.0 percent overall. The price range with the largest gain in sales was the range, where they increased 23.8 percent. The overall Median Sales Price was up 4.8 percent to $165,000. The property type with the largest price gain was the segment, where prices increased 11.6 percent to $113,100. The price range that tended to sell the quickest was the range at 119 days; the price range that tended to sell the slowest was the range at 228 days. Market-wide, inventory levels were down 15.2 percent. The property type that lost the least inventory was the segment, where it decreased 13.6 percent. That amounts to 5.6 months supply for Single-Family homes and 3.3 months supply for. Quick Facts + 23.8% + 15.2% + 10.4% Price Range With the Strongest Sales: 4 Bedrooms or Pending Sales Bedroom Count With Strongest Sales: Days on Market Until Sale Median Sales Price Percent of List Price Received Inventory of Homes for Sale Months Supply of Inventory Property Type With Strongest Sales: Single-Family 2 3 4 5 6 7 Current as of March 10, 2018. All data comes from the Aiken Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2018 ShowingTime. 1
Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total. 495 500 453 477 515 592 471 525 1,140 1,220 755 870 2,041 2,254 240 297 279 301 133 137 + 1.0% + 5.3% + 15.0% + 11.5% + 23.8% + 7.9% + 7.0% + 15.2% + 10.4% + 3.0% Change Change Change 495 500 + 1.0% 432 451 + 4.4% 63 49-22.2% 453 477 + 5.3% 402 426 + 6.0% 51 51 0.0% 515 592 + 15.0% 503 561 + 11.5% 12 31 + 158.3% 471 525 + 11.5% 467 522 + 11.8% 4 3-25.0% 240 297 + 23.8% 237 294 + 24.1% 3 3 0.0% All Price Ranges 2,174 2,391 + 10.0% 2,041 2,254 + 10.4% 133 137 + 3.0% Change Change Change 279 301 + 7.9% 191 217 + 13.6% 88 84-4.5% 3 Bedrooms 1,140 1,220 + 7.0% 1,096 1,171 + 6.8% 44 49 + 11.4% 4 Bedrooms or 755 870 + 15.2% 754 866 + 14.9% 1 4 + 300.0% All Bedroom Counts 2,174 2,391 + 10.0% 2,041 2,254 + 10.4% 133 137 + 3.0% Current as of March 10, 2018. All data comes from the Aiken Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2018 ShowingTime. 2
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average. 165 133 141 145 119 138 181 172 224 228 169 133 158 143 172 169 164 164 154 109-19.4% - 15.6% - 4.8% - 5.0% + 1.8% - 21.3% -9.5% -1.7% -6.1% - 33.5% Change Change Change 165 133-19.4% 162 138-14.8% 187 94-49.7% 141 119-15.6% 141 123-12.8% 143 90-37.1% 145 138-4.8% 146 138-5.5% 96 133 + 38.5% 181 172-5.0% 181 172-5.0% 335 214-36.1% 224 228 + 1.8% 223 227 + 1.8% 285 323 + 13.3% All Price Ranges 164 151-7.9% 164 154-6.1% 164 109-33.5% Change Change Change 169 133-21.3% 172 149-13.4% 161 91-43.5% 3 Bedrooms 158 143-9.5% 157 143-8.9% 174 137-21.3% 4 Bedrooms or 172 169-1.7% 172 169-1.7% 94 124 + 31.9% All Bedroom Counts 164 151-7.9% 164 154-6.1% 164 109-33.5% Current as of March 10, 2018. All data comes from the Aiken Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2018 ShowingTime. 3
Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median. $215,250 $219,505 $157,500 $165,000 $169,685 $162,400 $145,000 $149,950 $101,300 $113,100 $92,900 $98,500 + 6.0% + 3.4% + 2.0% + 4.8% + 4.5% + 11.6% Change Change Change $92,900 $98,500 + 6.0% $93,500 $96,000 + 2.7% $92,900 $98,950 + 6.5% 3 Bedrooms $145,000 $149,950 + 3.4% $145,000 $149,900 + 3.4% $138,900 $153,000 + 10.2% 4 Bedrooms or $215,250 $219,505 + 2.0% $215,375 $220,000 + 2.1% $162,000 $164,614 + 1.6% All Bedroom Counts $157,500 $165,000 + 4.8% $162,400 $169,685 + 4.5% $101,300 $113,100 + 11.6% Current as of March 10, 2018. All data comes from the Aiken Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2018 ShowingTime. 4
Percent of List Price Received Percentage found when dividing a property's sales price by its last list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average. 97.2% 97.2% 98.1% 98.3% 97.6% 98.0% 96.0% 96.1% 96.2% 96.0% 97.3% 97.7% 97.7% 97.6% 92.4% 91.8% 94.0% 93.9% 96.2% 96.3% -0.6% 0.0% + 0.2% + 0.4% + 0.1% - 0.1% - 0.2% + 0.4% + 0.1% - 0.1% Change Change Change 92.4% 91.8% - 0.6% 91.8% 91.3% - 0.5% 96.6% 96.3% - 0.3% 97.2% 97.2% 0.0% 96.9% 97.0% + 0.1% 99.7% 98.5% - 1.2% 98.1% 98.3% + 0.2% 98.1% 98.3% + 0.2% 96.0% 99.1% + 3.2% 97.6% 98.0% + 0.4% 97.6% 98.1% + 0.5% 87.1% 94.4% + 8.4% 96.0% 96.1% + 0.1% 96.0% 96.1% + 0.1% 97.0% 96.5% - 0.5% All Price Ranges 96.3% 96.3% 0.0% 96.2% 96.3% + 0.1% 97.7% 97.6% - 0.1% Change Change Change 94.0% 93.9% - 0.1% 92.6% 92.6% 0.0% 97.3% 97.3% 0.0% 3 Bedrooms 96.2% 96.0% - 0.2% 96.1% 95.9% - 0.2% 98.6% 98.3% - 0.3% 4 Bedrooms or 97.3% 97.7% + 0.4% 97.3% 97.7% + 0.4% 95.4% 97.8% + 2.5% All Bedroom Counts 96.3% 96.3% 0.0% 96.2% 96.3% + 0.1% 97.7% 97.6% - 0.1% Current as of March 10, 2018. All data comes from the Aiken Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2018 ShowingTime. 5
Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity. 256 162 145 140 226 197 257 259 378 343 598 532 535 422 1,235 1,046 146 130 44 38-43.4% - 13.6% - 12.8% + 0.8% - 9.3% - 11.0% - 11.0% - 21.1% - 15.3% - 13.6% Change Change Change 256 145-43.4% 240 141-41.3% 16 4-75.0% 162 140-13.6% 153 120-21.6% 9 20 + 122.2% 226 197-12.8% 217 192-11.5% 9 5-44.4% 257 259 + 0.8% 252 253 + 0.4% 5 6 + 20.0% 378 343-9.3% 373 340-8.8% 5 3-40.0% All Price Ranges 1,279 1,084-15.2% 1,235 1,046-15.3% 44 38-13.6% Change Change Change 146 130-11.0% 119 111-6.7% 27 19-29.6% 3 Bedrooms 598 532-11.0% 588 514-12.6% 10 18 + 80.0% 4 Bedrooms or 535 422-21.1% 528 421-20.3% 7 1-85.7% All Bedroom Counts 1,279 1,084-15.2% 1,235 1,046-15.3% 44 38-13.6% Current as of March 10, 2018. All data comes from the Aiken Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2018 ShowingTime. 6
Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, divided by the average monthly pending sales from the last 12 months. Based on one month of activity. 18.9 8.5 7.3 6.2 5.3 4.3 3.5 3.5 4.0 6.5 5.9 13.9 6.3 6.3 5.2 5.2 5.8 5.6 4.0 3.3-43.5% - 18.6% - 24.5% - 9.2% - 26.5% - 17.5% - 17.5% - 31.8% - 23.3% - 17.5% Change Change Change 6.2 3.5-43.5% 6.7 3.8-43.3% 3.0 0.9-70.0% 4.3 3.5-18.6% 4.6 3.4-26.1% 2.1 4.7 + 123.8% 5.3 4.0-24.5% 5.2 4.1-21.2% 6.0 1.5-75.0% 6.5 5.9-9.2% 6.5 5.8-10.8% 5.0 4.0-20.0% 18.9 13.9-26.5% 18.9 13.9-26.5% 5.0 3.0-40.0% All Price Ranges 7.1 5.4-23.9% 7.3 5.6-23.3% 4.0 3.3-17.5% Change Change Change 6.3 5.2-17.5% 7.5 6.1-18.7% 3.7 2.7-27.0% 3 Bedrooms 6.3 5.2-17.5% 6.4 5.3-17.2% 2.7 4.0 + 48.1% 4 Bedrooms or 8.5 5.8-31.8% 8.4 5.8-31.0% 7.0 0.8-88.6% All Bedroom Counts 7.1 5.4-23.9% 7.3 5.6-23.3% 4.0 3.3-17.5% Current as of March 10, 2018. All data comes from the Aiken Association of REALTORS Multiple Listing Service. Provided by South Carolina REALTORS. Report 2018 ShowingTime. 7