Inventory remains constrained in most segments of the market, while buyer activity remains strong. With the holiday season upon us, both buyer and seller activity typically follow seasonal slowdowns before rebounding in the new year. For the 12-month period spanning December 2019 through November 2020, Pending Sales in the Western Upstate region were up 4.1 percent overall. The price range with the largest gain in sales was the $300,001 and Above range, where they increased 34.1 percent.
The overall Median Sales Price was up 12.9 percent to $205,000. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 12.9 percent to $210,000. The price range that tended to sell the quickest was the $150,001 to $200,000 range at 68 days; the price range that tended to sell the slowest was the $300,001 and Above range at 103 days.
Market-wide, inventory levels were down 26.7 percent. The property type that lost the least inventory was the Condos segment, where it decreased 15.3 percent. That amounts to 2.5 months supply for Single-Family homes and 3.9 months supply for Condos.
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