Columbia SC Real Estate, Columbia South Carolina Real Estate Blog

Let’s take a look, by area, at the Current market stats for Columbia SC Real Estate. The info listed is from March of 2008 and is compared to March of 2007. The below is for single family homes.

Irmo (MLS Area 1)

Total Units Sold: 108 -27.1%

Average Price: $170,000 +1.2%

Units on Market: 660 +51.9%

synopsis: Values rose slightly, more than 25% less in sales, twice as many homes on the market currently. 6 Months of inventory on market.

Lexington (MLS Area 11)

Total Units Sold: 122 -31%

Average Price: $177,000 -4.5%

Units on Market: 782 +48.9%

synopsis: The Lexington market is down in value and units sold and has nearly twice the number of single family houses available over last year. 6 months of inventory on market.

Northeast Columbia (MLS Area 4)

Total Units Sold: 189 -32.1%

Average Price: $180,000 +.16%

Units on Market: 1273 +53.4%

synopsis: Less homes sold, slight increase in value, more than twice the houses available on the market.

These cover the 3 prime areas of Columbia and will give you a good idea of what is going on in The Greater Columbia, SC Area.

In my opinion, what is going to drive your house to sell is Pricing and Marketing. With obviously A TON of houses on the Market in Each General Area, there is more need to get your house in front of people.