A New Market Update for Columbia

Columbia South Carolina Real Estate Podcast with Brent Downing

What’s going on in Columbia right now? Here’s a quick look at the latest real estate market numbers.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

I’m here at one of my open houses (108 Summit View Ct. in Chapin) to bring you the latest market numbers for Columbia real estate. Here are some of the figures we’ve been keeping an eye on:

1. We’re up to about 12,000 sales this year. That’s a 4% increase from the 11,000 we saw last year.

2. The big news is with the average days on market. They have dropped from 84 days last year to 71 days this year.

3. The average price is up 2.5% from $188,235 to $192,831. That’s a nice, healthy appreciation. When we get into the 8% to 12% range, that will put us in the range we saw before the last bubble.

4. The average list-to-sale price is up from 97.8% to 98.9%

Inventory is low and demand is high.

What does this mean? Basically, we don’t have much inventory. We have buyers going crazy right now looking to buy houses, so if you or someone you know is thinking about selling anytime in the near future, don’t hesitate to give us a call. We would be happy to come over, take a look, and give you a realistic estimate of what your home could sell for.

If you have any other questions in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon!