This report contains information regarding Lexington, Chapin, Blythewood, Columbia, Lake Murray, Forest Acres, and Rural areas surrounding Columbia, SC
As we delve into the current real estate landscape, I wanted to share with you some key highlights from the South Carolina Realtors July 2023 Market Report. This information offers a comprehensive overview of the market trends in our region.
Over the past year, we’ve observed notable shifts that provide valuable insights for industry professionals like ourselves. The report indicates a significant 21.1% change in the year-over-year months supply, reflecting a dynamic market environment. Additionally, pending sales year-to-date have experienced a marginal decline of -7.1%, while the year-over-year change in closed sales demonstrates a reduction of -14.5%.
It’s worth noting that the average days on the market have expanded from 42.9% to an average of 60 days. This evolving landscape necessitates a strategic approach to meet the needs of both buyers and sellers effectively.
In terms of pricing dynamics, the report highlights a modest 2.5% change in the median sales price over the past year. This insight underscores the importance of a nuanced pricing strategy in our endeavors.
To gain a more localized perspective, I invite you to delve into the specific details pertaining to different areas of the Midlands provided in the following sections. This granular information will undoubtedly contribute to a more comprehensive understanding of the market’s intricacies.
As always, I am eager to discuss these reports for your area further, and I welcome the opportunity to connect with you. If you’d like more information pertaining to a specific area of the Midlands, I am happy to email you a full copy of the report or providing you with the report specific to your area.
Irmo/St. Andrews/Ballentine area:
New Listings 159
Closed Sales 97
Median Sales Price $257,500
Percent of List Price Received 99.2%
Days on the Market until Sale 23
Cayce/West Columbia/Airport/South Congaree area:
New Listings 107
Closed Sales 89
Median Sales Price $247,500
Percent of List Price Received 99.9%
Days on the Market until Sale 23
Columbia Northeast area:
New Listings 302
Closed Sales 212
Median Sales Price $276,400
Percent of List Price Received 99.8%
Days on the Market until Sale 36
Forest Acres/Acadia Lakes area:
New Listings 44
Closed Sales 34
Median Sales Price $321,000
Percent of List Price Received 97.6%
Days on the Market until Sale 36
East Columbia area:
New Listings 21
Closed Sales 14
Median Sales Price $250,000
Percent of List Price Received 100.6%
Days on the Market until Sale 16
Columbia South area:
New Listings 47
Closed Sales 42
Median Sales Price $257,500
Percent of List Price Received 98.1%
Days on the Market until Sale 25
Columbia Southeast area:
New Listings 79
Closed Sales 75
Median Sales Price $236,140
Percent of List Price Received 99.6%
Days on the Market until Sale 32
South Lexington County (Gaston area):
New Listings 28
Closed Sales 19
Median Sales Price $182,000
Percent of List Price Received 99.4%
Days on the Market until Sale 35
Lexington & Surrounding area:
New Listings 247
Closed Sales 212
Median Sales Price $327,000
Percent of List Price Received 100.4%
Days on the Market until Sale 33
Rural West Lexington (Batesburg) area:
New Listings 19
Closed Sales 30
Median Sales Price $277,275
Percent of List Price Received 97.9%
Days on the Market until Sale 34
Rural Northwest Richland County (northeast Lexington and Chapin):
New Listings 48
Closed Sales 43
Median Sales Price $361,050
Percent of List Price Received 98.4%
Days on the Market until Sale 37
Lake Murray (Irmo and Chapin side):
New Listings 21
Closed Sales 10
Median Sales Price $885,000
Percent of List Price Received 95.4%
Days on the Market until Sale 36
Lake Murray (Newberry side):
New Listings 5
Closed Sales 4
Median Sales Price $977,000
Percent of List Price Received 96.6%
Days on the Market until Sale 20
Lake Murray (Saluda side):
New Listings 5
Closed Sales 1
Median Sales Price $532,000
Percent of List Price Received 99.4%
Days on the Market until Sale 1
Lake Murray (Lexington side):
New Listings 7
Closed Sales 6
Median Sales Price $1,100,000
Percent of List Price Received 92.7%
Days on the Market until Sale 27
Please let me know if you’d like a more advanced report by zip code, a copy of the full market report emailed to you or if you’d like to know how much your home is worth in today’s market. I am happy to help provide you with the information you requested.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Cras puldvinar enim eu odio porttitor, ut vsarius mi consequat. Aenean tellus ipsum, porttitor eget mi eget, faucibus laoreet neque.