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 – December 2018

December 2018

Prior Year

Current Year

+/-

Average Sales Price

$191,613

$200,685

+4.7%

Median Sales Price

$174,500

$173,900

-0.3%

Inventory of Homes for Sale

1,154

968

-16.1%

Days on Market

151

134

-11.3%

Closed Sales

172

164

-4.7%

 

Housing affordability was a growing concern in 2018, and that is expected to intensify in 2019. Although inventory is poised to improve in 2019, the homes that become available may prove to be too costly for first-time buyers to afford.

 

For the 12-month period spanning January 2018 through December 2018, Pending Sales in the Aiken region were up 3.3 percent overall. The price range with the largest gain in sales was the $300,001 and above range, where they increased 24.6 percent. The overall Median Sales Price was up 5.0 percent to $173,250. The property type with the largest price gain was the Condos segment, where prices increased 6.0 percent to $117,900. The price range that tended to sell the quickest was the $100,001 to $150,000 range at 110 days; the price range that tended to sell the slowest was the $300,001 and above range at 198 days.

 

Market-wide, inventory levels were down 16.1 percent. The property type that lost the least inventory was the Single Family segment, where it decreased 16.0 percent. That amounts to 4.9 months’ supply for Single-family homes and 2.9 months’ supply for Condos.


 
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