Contact Information
Aiken Board of Realtors and MLS
1069 Silver Bluff Road
Aiken, SC 29803
Office: 803-648-1891
(F): 803-642-6044

 

Market Statistics – April 2020

April 2020

Prior Year

Current Year

+/-

Average Sales Price

$211,752

$236,143

+11.5%

Median Sales Price

$185,000

$215,000

+16.2%

Inventory of Homes for Sale

1,123

948

-15.6%

Days on Market

126

125

-0.8%

Closed Sales

225

233

+3.6%

While the stock market recovered significantly in March, the effects of COVID-19 to the economy continue to build. In just the last four weeks, more than 20 million people filed initial unemployment claims according to the United States Department of Labor, fueled by stay at home orders and a slowdown of economic activity across the country. Added to the unemployment claims from March, more than 30 million people have become unemployed since COVID-19 has become widespread in the U.S. In the face of these challenging times, real estate activity in April slowed significantly.

New Listings were down 26.3 percent to 210. Pending Sales decreased 1.6 percent to 245. Inventory shrank 15.6 percent to 948 units.

Prices moved higher as Median Sales Price was up 16.2 percent to $215,000. Days on Market decreased 0.8 percent to 125 days. Months Supply of Inventory was down 26.4 percent to 3.9 months, indicating that demand increased relative to supply.

While the effect of COVID-19 continues to vary widely across the country, it is expected that social distancing, higher unemployment, and lower overall economic activity is likely to continue to constrain real estate activity in the near term. At the same time, the industry is adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges.

Quick Search
Property Type:
New Listings
Updated Listings
Virtual Tours
Open House

Upcoming Events
5/31/2020

6/1/2020

6/2/2020

6/5/2020

6/6/2020

6/7/2020

6/9/2020

6/12/2020

6/13/2020

6/14/2020

6/25/2020