Aiken Board of Realtor’s Housing Supply Overview-January 2014

With 2013 in the rear view mirror, a new year is upon us. For the 12-month period spanning February 2013 through January 2014, Pending Sales in the Aiken region were up 15.3 percent overall. The price range with the largest gain in sales was the $100,000 and Below range, where they increased 41.3 percent. The overall Median Sales Price was down 5.5 percent to $139,813.  The property type with the smallest price decline was the Condo segment, where prices decreased 1.8 percent to $97,200. The price range that tended to sell the quickest was the $100,000 and Below range at 158 days; the price range that tended to sell the slowest was the $300,001 and Above range at 297 days. Market-wide, inventory levels were down 2.8 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 2.5 percent. That amounts to 12.2 months’ supply for Single-Family homes and 12.3 months’ supply for Condos.