August Mid-Month Update

Activity in Sun City Carolina Lakes remains robust.  As of today there are only 21 ACTIVE listings (including 2 that are "Coming Soon.") 

Home Inventory Determines What Kind of Market We Are In
Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 50 homes on the market and 10 homes selling each month, there is a 5 month supply of homes for sale. 

• Less than 6 months of inventory = Seller's Market with upward pressure on prices
• More than 6 months of inventory = Buyer's Market with downward pressure on prices

With the low number of ACTIVE listings and the increasing number of homes going UNDER CONTRACT, we are currently in a Seller's Market.

Days on Market (DOM)

The average DOM for Single Family Homes that have gone under contract this month is 28, with several going UNDER CONTRACT within the first week of becoming ACTIVE. 

The average DOM in July was 54, but it's important to note that showings came to a screeching halt around mid-March and continued to be slow through April, with showings picking up again in May.

Follow market activity daily by clicking on "UP-TO-DATE STATS FOR SCCL" tab above. 

Also, using the same tab, be sure to scroll down and check out the interactive charts which have the most current stats available through CMLS (through the end of the previous month).  Included in those charts are ones that shows "Months Supply of Homes for Sale." There are separate charts for Single Family Homes and Carriage Homes & Villas.