September 2020 Market Reports

Strong buyer activity has continued into the fall and the constrained supply of homes for sale, speedy sales, and multiple offers across many segments of the market will remain common so long as buyer demand remains at elevated levels. For the 12-month period spanning October 2019 through September 2020, Pending Sales in the Western Upstate region were up 2.1 percent overall. The price range with the largest gain in sales was the $300,001 and Above range, where they increased 22.5 percent.

The overall Median Sales Price was up 10.9 percent to $199,500. The property type with the largest price gain was the Condos segment, where prices increased 11.2 percent to $150,000. The price range that tended to sell the quickest was the $150,001 to $200,000 range at 69 days; the price range that tended to sell the slowest was the $300,001 and Above range at 107 days.

Market-wide, inventory levels were down 23.3 percent. The property type that lost the least inventory was the Condos segment, where it decreased 16.8 percent. That amounts to 2.9 months supply for Single-Family homes and 3.7 months supply for Condos.

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