Columbia, SC Real Estate Update-October

Cindy Luoma
Cindy Luoma
Published on October 23, 2019
The Columbia Real Estate market is in Great Shape!
View of Wildwood Homes from Beaver Dam in Columbia, SC.

Hi, Cindy Luoma here selling Columbia’s Best Homes with EXP Realty. I just wanted to take a look at October’s numbers with you. We are going to start first, nationwide!
The average number of days homes were on the market was only 31 days. Inventory levels are still down. They are below a normal market, at 4.1 months. The median price of existing homes is $278,000. Interest rates today, if you can believe it, are 3.57%.

Here locally in Columbia, SC in September we closed over 1120 homes. And so far this month of October, we’ve closed 659 homes. So, those numbers indicate that we are going to beat 2018 October numbers by a significant amount. In the Columbia MLS today, there is less than 3 months of inventory, with an average days on the market of only 51 days. The median sales price in Columbia is now $179,900.

So needless to say, it is a great time to sell your home! Interest rates are low, buyers are looking, and they can’t find the right home. Feel free to reach out to me at (803) 429-0308 so we can talk about this a little more.

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