Is the Market Really Slowing Down?

Columbia South Carolina Real Estate Podcast with Brent Downing

What’s going on in our real estate market right now? Find out in today’s market update.

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There’s been a lot of speculation lately about whether our market is undergoing a slowdown. The truth is that while conditions are cooling significantly on the West Coast, the changes to our Columbia market have not been nearly as extreme.

However, despite the slight slowdown we experienced in the fourth quarter, our market is still more active than what was true at this time a year ago. The Columbia market is still doing great.
It’s important to understand what’s really going on when you hear about a market slowdown on the news or from other various sources. It doesn’t mean we’re undergoing some massive crash. All it means is that our market has become more balanced.
Prices are leveling off, not going down, and the days on market are increasing, but these factors are nothing to panic about.

Despite the slight slowdown we experienced in the fourth quarter, our market is still more active than what was true at this time a year ago.

The point to take away from these recent changes is that buyers and sellers alike will need to slightly alter the way they approach their real estate goals.
Of course, conditions do vary by price point, as well. The slowdown occurring in our luxury market is far more pronounced than what is true in lower price ranges.
If you want to learn more about how to make the most of our current market, you can download our most recent buyer and seller guides here.

All in all, it’s still very much possible to secure a great deal on our market. With the end of the year upon us, we hope you know how grateful we are for your continued support. Thank you, and have a happy New Year.
If you have any other questions or would like more information, feel free to give us a call or send us an email. I look forward to hearing from you soon.