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Housing Supply in Greater Columbia SC (Real Estate Data 2021 vs 2020)
Dated: June 20 2021
Going over the latest housing supply inventory report. If you would like a copy of this report then text me your email address. Text my direct cell at 803-807-1827.
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First Page Information (provided by CMLS)
Robust buyer demand, fueled by low mortgage rates, continues to
outpace supply, which remains near historic lows. Nationwide, inventory
remains much lower than it was at the same time last year, and sales
prices are surging as a result. While the warmer temperatures, rising sales
prices, and the reopening of the economy may draw more sellers to the
market, historically low levels of homes for sale are likely to continue for
some time in most market segments.
For the 12-month period spanning June 2020 through May 2021, Pending Sales in the CMLS region were up 19.7 percent overall. The price range with the largest gain in sales was the $300,001 and Above range, where they increased 54.3 percent.
The overall Median Sales Price was up 13.7 percent to $211,000. The
property type with the largest price gain was the Single-Family Homes
segment, where prices increased 14.2 percent to $217,054. The price
range that tended to sell the quickest was the $150,001 to $200,000 range
at 26 days; the price range that tended to sell the slowest was the
$300,001 and Above range at 52 days.
Market-wide, inventory levels were down 56.2 percent. The property type
that gained the most inventory was the Condos segment, where it
increased 14.8 percent. That amounts to 0.6 months supply for Single-
Family homes and 1.6 months supply for Condos.
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Going over the latest housing supply inventory report. If you would like a copy of this report then text me your email address. Text my direct cell at 803-807-1827.Do me a favor, like the video if