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


Total Sales in Previous 12 Months: 6,662
Total Sales in Year Prior: 6,970
Change: Down 4.4%

Total Sales in March 2012: 623
Total Sales in March 2011: 527
Change: Up 18.2%

Foreclosure Sales in March 2012: 97  
Foreclosure Sales in March 2011: 74
Change: Up 31%
March 2012 Foreclosure Sales as a Percentage of Total Sales: 15.5%

New Construction Sales in March 2012: 135
New Construction Sales in March 2011: 112
Change: Up 20.5%
March 2012 New Construction Sales as a Percentage of Total Sales: 21.7%

Current Inventory on the Market: 8,098 units
Current Absorption Rate: 515 units per month (based on 6 months sales)
Months of Inventory: 15.6 months (last report was 15.9 months)

The Market is: A Buyers Market (WEAK)

Pricing Pressure is: Downward

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