Welcome to your comprehensive market update for July! We’ve gathered the latest stats from Columbia, Richmond, and Aiken Counties to provide you with an in-depth look at the real estate trends shaping our area. Whether you’re buying, selling, or just curious, this data is essential for making informed decisions.
Columbia County Market Snapshot
- Active Listings: 573
- Under Contract: 410
- Sold Listings in June: 276
- Average List Price: $380,800
- Average Sale Price: $377,800
- Average Days on Market: 101
- Absorption Rate: 2.77 months
Columbia County remains a robust market with a solid number of listings and a healthy absorption rate. Homes are selling close to their list price, and the average days on the market indicate a steady demand.
Richmond County Market Snapshot
- Active Listings: 504
- Under Contract: 316
- Sold Listings in June: 160
- Average List Price: $245,200
- Average Sale Price: $240,100
- Average Days on Market: 96
- Absorption Rate: 2.97 months
Richmond County’s market shows a strong performance, with properties moving relatively quickly. The close match between the list and sale prices suggests that sellers are pricing their homes accurately.
Aiken County Market Snapshot
- Active Listings: 611
- Under Contract: 352
- Sold Listings in June: 264
- Average List Price: $344,500
- Average Sale Price: $340,400
- Average Days on Market: 80
- Absorption Rate: 3.7 months
Aiken County has the highest number of active listings, and homes are selling at a slightly lower pace compared to the other counties. However, the market remains competitive with homes selling close to their list prices.
Overall Market Health
For the entire region, the absorption rate stands at 3.18 months, indicating a balanced market. Here’s what that means for you:
- Buyers: You have a good selection of homes to choose from, but don’t hesitate if you find the right one. The market is balanced, so homes are moving at a steady pace.
- Sellers: Pricing your home competitively is crucial. Homes are selling close to their list prices, so setting the right price from the start will attract serious buyers quickly.
Key Takeaways
- Columbia County is showing strong activity with a balanced absorption rate.
- Richmond County properties are moving quickly, reflecting accurate pricing strategies.
- Aiken County has a larger inventory, giving buyers more options but requiring sellers to be competitive with pricing.
Stay tuned for more updates and insights on our ever-evolving market. Whether you’re looking to buy, sell, or simply stay informed, we’re here to help you navigate the real estate landscape with confidence.
For personalized advice or any questions about these stats, feel free to reach out. I’m here to assist you every step of the way in your real estate journey!
