Monthly Market Update for Columbia, SC December 2019

Market update for December 2019, the overall Average Sales Price was up 6.5 percent to $216,158. New Listings were up 17.6 percent to 915. Pending Sales increased 19.5 percent to 876. Inventory grew 9.2 percent to 2,991 units. The price range that tended to sell the quickest was the $100,001 to $150,000 range at 35 days; the price range that tended to sell the slowest was the $300,001 and Above range at 76 days. Days on Market decreased 6.6 percent to 57 days. Months Supply of Inventory was up 4.2 percent to 2.5 months.

New construction has been on the rise in 2019 and is expected to continue into 2020, but many experts note that the country is still not building enough new units to quench demand.

Thank You for Reading this month’s market update by Flagler Real Estate