The First half of 2016 been the HOTTEST it’s been in Years

We all have been seeing more SOLD signs this year. A positive trend we expect to continue. We wanted to share the Aiken Board of Realtors® June 2016 Monthly Indicator Report with you to spread the good word. The Aiken HOMES Team is here for you assit you or call your favorite Realtor® with any real estate questions.  #803-702-4090

June 2016 Monthly Indicator Report Provided by the Aiken Board of Realtors®

Halfway through 2016, residential real estate markets are performing as predicted at the beginning of the year. Sales and prices have been going up in most areas, while the number of homes for sale and total months' supply of inventory have been going down. Meanwhile, many sellers have been getting a higher percentage of their asking price, and supply continues to struggle to meet demand. The message may be repetitive, but it is largely positive. New Listings were up 11.5 percent to 281. Pending Sales increased 15.3 percent to 218. Inventory shrank 15.1 percent to 1,331 units. Prices moved higher as Median Sales Price was up 12.0 percent to $173,600. Days on Market decreased 14.3 percent to 168 days. Months’ Supply of Inventory was down 19.4 percent to 7.5 months, indicating that demand increased relative to supply.