September Mid-Month Update

Activity in Sun City Carolina Lakes continues to be very robust.  As of today (9/15/2020) there are only 24 ACTIVE single family home listings.  Yesterday, there were 27.  The numbers change daily and one of the main reasons I don't use flyers to share this information is that flyers are accurate at the time they are printed and are typically outdated by the time they reach mail tubes.  I hope you'll visit my website regularly for the most current listing activity and the most current stats for SCCL.  If you want to receive daily updates in your "inbox," just let me know and I'll make that happen for you.

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. 

Single Family Homes

Carriage Homes and Villas

Days on Market (DOM)

 

Not including the two outliers on the high end, the average DOM for single family homes that have gone UNDER CONTRACT this month is just under 20.  In August, it was 28 days.  Unfortunately, for a variety of reasons, sometimes a home may linger on the market.  But as I always tell my clients, the right person just hasn't walked through the door yet.  As noted in my August Mid-Month Update, showings (and sales) came to a screeching halt around mid-March and continued to be slow through April, picking up again in May and  continuing to be strong throughout the summer.

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.