Realtors report Greater Columbia home sales up 1.3% in July

August 17, 2016 3:03 pm Published by Leave your thoughts

Residential sales in the Greater Columbia market rose 1.3% and prices climbed 5% in July compared with the same month in 2015, the S.C. Realtors Association reported today.

Housing market data released by the Columbia-based trade group showed that 1,181 homes, condos and villas were sold in July compared with 1,166 for the same month in 2015. Through July, sales rose 8.6% to 7,145 units, the association added.

Meanwhile, the median price of a residential sales in July total $169,692 compared with $154,995 for the same month in 2015. Through July, the median price climbed 6% to $159,000, according to the report.

Statewide, even as prices rise in many communities, homes continue to sell faster than they have in the past several years, the association said.

New listings slipped 1% to 9,725, pending sales decreased almost 12.5% to 6,187, and inventory shrank by almost 6% to 36,687 units. Prices moved higher as median sales price was up 2% to $182,900.

Homes are selling more quickly than the previous month with most on the market for only 91 days, the association said.

In the Columbia market, the average number of days a home was on the market dropped 20% in July to 72 days. Year-to-date, the number of days a home was on the Columbia market fell 15.8% to 85, the association reported.

*From Columbia Regional Business Report*

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This post was written by Carley Carr