CMLS recently released the monthly research report for April 2020. Here’s what’s happening in the local market.
Housing Supply ~
Pending sales were up 4.1% in the 12-month period spanning from May 2019 through April 2020. The price range with the largest gain was sales of $300,001 and above, which increased 16.5%. The overall median sales price was up 7.6% to $185,000. The property type with the largest gain was the Single-Family Homes sector. Prices here were up 7.3% with an average price of $189,900. Inventory levels were down 4.4%.
Quick Facts
+16.5%
+6.1%
+4.5%
Price range with the strongest sales: $300,001 and Above
Bedroom Count with strongest sales: 4 Bedrooms or More
Property type with strongest sales: Single-Family
Monthly Market Indicators ~
Economic activity continued to slow in April. With more than 20 million unemployment claims filed nationwide, much of the country is out of work, at least temporarily. The dramatic economic downturn is reflected in this month’s real estate activity.
New listings were down 18%. Pending sales decreased 6.6%. Inventory declined 4.4%. Prices moved higher by 6.1% averaging $188,900. Days on the market reduced to 51 days, a decrease of 15%. Months Supply of inventory was down 8% to 2.3 months, indicating demand increased relative to supply.
Quick Facts
-12.5%
+6.1%
-4.4%
One-Year Change in Closed Sales
One-Year Change in Median Sales Price
One-Year Change in Inventory
The effects of COVID-19 varies widely across the country, but it is expected to continue to play an impact on the amount of real estate activity in the near term.
Angela Barrett, "A Different Kind of Real Estate"
Angela Barrett is a local REALTOR® in Lexington, SC. Every day, she has the privilege of working with Buyers and Sellers around and on Lake Murray - Lexington, Gilbert, Chapin, and Irmo. It is her goal to help every buyer find the perfect home, and every seller sell at the best price possible. Exit Real Estate Consultants opened its doors in 2008 and has been the local expert since. Angela says, "she works with a wonderful group at EXIT and is proud to be a REALTOR® for a company that prides itself on being a "family helping families."
What makes Angela different from other Realtors is her desire to combine a love of real estate with the truth. She may not always tell you what you want to hear but will ALWAYS tell you what you need to hear. Before getting into the real estate industry, she owned her own court reporting business for 14 years. She decided to change careers because it was her desire to help others with their housing needs in a way that was honest and truthful, a way that put their needs ahead of the sale. Her business is built on Dedication, Communication, Determination & Trust while embodying the ability to cater and adapt to all of her client's Real Estate needs. She says the best part of her business is the people she meets and the ability to assist them throughout the process. Her goal is not only finding the hidden gem or selling at the right price but giving her clients peace of mind that they will work together through every detail.
Angela showcases her homes on her website and utilizes professional service providers to assist with her clients' buying and selling needs, including tips for staging and recommendations for painters, designers, handymen, and inspectors. She is communicative, thorough, and detail-oriented, and she'll be with you every step of the way!
Angela made Lexington home 28 years ago. She is knowledgeable about the area and feels blessed to call Lexington her home. Angela enjoys showing her clients around “Miss Murray”, the Jewel of South Carolina, and when she’s not helping someone with their real estate needs, she enjoys going to the gym, running, spending time on Lake Murray, and a little photography.
Looking to buy or sell a home in the Lake Murray area? Call Angela Barrett, who not only represents “A Different Kind of Real Estate" but also a different kind of REALTOR®.
View all posts by Angela Barrett, Realtor ExitREC
