June Report from Aiken BOR -New Listings in the Aiken region increased 3.2 percent to 228. Pending Sales were up 4.1 percent to 127. Inventory levels shrank 1.6 percent to 1,710 units. Prices were a tad soft. The Median Sales Price decreased 3.7 percent to $159,700. Days on Market was up 7.8 percent to 215 days. Absorption rates improved as Months Supply of Inventory was down 10.3 percent to 13.8 months. The economy – which generates the jobs that fuel housing demand – continued to improve at a moderate pace during the second quarter of 2013. Budget sequesters and sluggish export growth have taken a back seat to housing recovery and stronger consumer spending. Interest rates could flirt with 4.0 or 4.25 percent again but the days of 3.3 percent interest are likely behind us.
Posted on: Mon, 15 Jul 2013 15:35:20 +0000
Trending Topics
Recently Viewed Topics
© 2015