Thursday, March 21, 2019
By Ashley  Buck
February 2019 Columbia Real Estate Market Report

February 2019 Columbia Real Estate Market Report

Based on the data released this month, the weather has had an effect on the market, but it has stayed steady, even though this year was predicted to be a tougher year for the industry. It’s only February so who knows what the rest of the year will hold but we are hopeful it continues to stay positive! 

 

February 2019 Columbia Real Estate Statistics

New Listings - 1,354 (up 10.6% from last year)

Pending Sales - 1,134 (up 12.5% from last year)

Closed Sales - 808 (down 6.3% from last year)

Days on Market - 63 (down 12.5% from last year)

Median Sales Price - $178,000 (up 6.9% from last year)

Percent of Asking Price Received - 97.1% (same as last year) 

Months Supply of Inventory - 4.8 (down 3.4% from last year)

 

The number of new listings to closed sales seems dramatically different, but keep in mind that delays in closings are very common (can be up to a few months). That contributes to why there are 1,134 homes pending sale. Also, remember that homes, on average, are on the market for about 2 months, so the majority of homes are not being listed and sold within the same month. The median sales price is up 6.9% from last year, meaning the value of your home is going up! On average, sellers are receiving 97.1% of their asking price which is the same as last year. This means that you might not receive full listing price if you are are a seller but it is positive news for buyers as you might be able to offer a little lower asking price to fit your budget. 

We are still in a seller's market! We can tell this by the month's supply of inventory which is down 3.4% from last year while demand is still high. Here at Jeff Cook Real Estate, we closed on 86 homes and listed 56 homes. We also maintained 98% (on average) of asking price received for our clients. 

These numbers are important to know in order to be informed when the best time to list your home is! This time of year is slow but will be picking up soon, so now is the time to list! You will have less competition within your neighborhood/city and you will find you could get a higher percent of your listing price and possibly sell your home faster. 

 

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Interested in selling in Charleston? Visit: www.843value.com

Interested in buying or selling in Columbia? Visit: www.SeeColumbiaHouses.com
Interested in buying or selling in Greenville? Visit: www.SeeGreenvilleHouses.com
Interested in renting a home? Visit: www.RentHolyCity.com
Interested in selling for quick cash? Visit: www.TitanHomeBuyers.com

Want your Jeffstimate? Visit: www.JeffSellMineToo.com

Jeff Cook

Jeff Cook Real Estate

Charleston | Columbia | Greenville

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