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	Jan. 19, 2009	LY 2008
Current Inventory	947	1,068
New Listings	101	149
Avg List Price	$ 231,675	$235,489
Pending Contracts	44	59
Closed Sales	24	55
Closed Avg Sales Price	$ 203,265	$199,461
% Sales Price/List Price	87.74%	84.70%
Avg Days on the Market (DOM)	102	127
Withdrawn	48	46
Expired	24	27

Source: Consolidated MLS Report

The avg. days on the market sold were 102 days for the lower $200,000 price range which was higher than 2008. Number of closings in Lexington SC was halved from 2008.  A 12% discount from list to closing sales price is a very big drop compared to the Irmo market which had nearly 0% discount. Home sellers in Lexington are trying to keep up those home values but shows it is a struggle. 

With the new President coming in, hopefully comes in some new inspiration and security to buy homes again. Sellers intending to sell their home should start interviewing their REALTORS now. Activity on REALTOR.com has spiked up since Christmas and shows a lot of homebuyers on the sidelines waiting to jump in and are window shopping online. If your home is not marketed well on REALTOR.com, then you are losing some potential buyers. REALTOR.com has 6 million visitors each month; it is the main online destination to search for homes. 77% of future home buyers’ shop online before speaking to a REALTOR. What attracts them to my listings? Virtual tours, lots of pictures, and good descriptions. Make sure your home is marketed well and on the right websites. ALL REALTORS market their listings differently so ask before signing that listing agreement. It is a new year with new opportunities. Don’t lose time and money with bad or no marketing.