Columbia, SC Real Estate  Snapshot – March 2012 Edition (February Data)

 

Total Sales in Previous 12 Months: 6,560 Total Sales in Year Prior: 7,088 Change: Down 7.4%

Total Sales in February 2012: 455 (one extra day) Total Sales in February 2011: 417 Change: Up 9.1%

 

Foreclosure Sales in February 2012: 73 (one extra day) Foreclosure Sales in February 2011: 75 Change: Down 2.6% February 2012 Foreclosure Sales as a Percentage of Total Sales: 16%

 

New Construction Sales in February 2012: 123 (one extra day) New Construction Sales in February 2011: 104 Change: Up 18.2% January 2012 New Construction Sales as a Percentage of Total Sales: 27%

 

Current Inventory on the Market: 7,841 Current Absorption Rate: 495 units per month (based on 6 months sales) Months of Inventory: 15.8 months (last report was 15.4 months)

 

The Market is: A Buyers Market (WEAK)

Pricing Pressure is: Downward

 

Source: Hurst Appraisal, Lexington SC using CMLS sales data.