Aug
20

Pee Dee Home Sales up 13.5%

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An increase in new home listings and housing inventory kept momentum moving forward in the Florence and Greater Pee Dee real estate markets in July despite falling median prices.

In July the Florence market saw homes sit on the market for about a month longer than in June but listings surged to 157 listings as inventory reached 799 — the highest level of the year for both numbers.

Despite the activity, closings and the median sales price shrank to 67 closed sales and $138,500 in July, a 9.5 percent and 16.6 percent decrease over July 2012 numbers, respectively. Days on the market until sale moved to 103, but the year average is at 99, down 18 percent from 2012.

In the first seven months of the year, 521 homes were sold, a 13.5 percent jump over the same period last year. That increase is similar to the 12 percent increase the Greater Pee Dee saw with 964 homes sold.

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    Categories : Florence

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