Nov
26

Aiken Residential Sales Up 13.5%

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The Aiken Board of Realtors has some good news to share. Things are looking up for the real estate business locally based on a report recently released by the organization.

The year-to-date figures for residential transactions through October showed that both pending sales and closed sales were up 13.5 percent.

“I wouldn’t call it a recovery anymore; I think we’re back into a normal market,” said Kristyne Shelton, the Board of Realtors’ association executive. “People understand that it’s a good value to buy a home, and it’s a smart investment to buy a home. Sometimes, in the under $100,000 category, you can buy a house for cheaper than you could rent it.”

The year-to-date median sale price of $141,500 was down 4.4 percent.

“We have a large inventory of houses in the above $400,000 price range, and that is a hard category make a sale in,” Shelton said. “When you don’t sell those big houses, that drives the median price down.”

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Categories : Aiken, Uncategorized

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