Columbia, SC Real Estate Snapshot – May 2012 Data 

Total Sales in Previous 12 Months: 6,889 Total Sales in Year Prior: 6,397 Change: Up 7.7%

Total Sales in May 2012: 722 Total Sales in May 2011: 597 Change: Up 20.9% 

Foreclosure Sales in May 2012: 114  Foreclosure Sales in May 2011: 58 Change: Up 96.6% May 2012 Foreclosure Sales as a Percentage of Total Sales: 15.8% 

New Construction Sales in May 2012: 146 New Construction Sales in May 2011: 168 Change: Down 13.1% May 2012 New Construction Sales as a Percentage of Total Sales: 20.2% 

Current Inventory on the Market: 8,264 units Current Absorption Rate: 570 units per month (based on 6 months sales) Months of Inventory: 14.5 months (last report was 15.3 months) 

The Market is: A Buyers Market (WEAK)

Pricing Pressure is: Downward

Trend: Slowly moving toward a stable market

Columbia SC MLS

 

 

Source: Hurst Appraisal, Lexington SC using CMLS sales data. Liability is limited to the price paid for this report.