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Columbia, SC Marketing Report for July 2022
August 17th, 2022 9:56 AM
The U.S. housing market has continued to cool, as rising mortgage rates and record- high sales prices have stifled affordability, weakening demand and pricing out a multitude of buyers. Nationally, median household income has failed to keep pace with increasing mortgage payments, with the costs of buying a home about 80% more expensive now than they were just three summers ago, according to the National Association of REALTORS® (NAR). As more and more prospective buyers find their home purchase plans delayed, many are turning to the rental market, where competition has intensified due to increased demand.
New Listings were down 16.2 percent to 1,621. Pending Sales decreased 14.5 percent to 1,306. Inventory grew 32.6 percent to 1,982 units.
Prices moved higher as Median Sales Price was up 20.0 percent to $274,818. Days on Market increased 23.5 percent to 21 days. Months Supply of Inventory was up 36.4 percent to 1.5 months, indicating that supply increased relative to demand.
At a time of year when homebuying activity is typically very strong, soaring homeownership costs have caused home sales to decline nationwide for the fifth consecutive month, with existing-home sales falling 5.4% month-to-month and 14.2% year-over-year as of last measure, according to NAR. But there is a bright spot. Inventory of existing homes has continued to climb this summer, with 1.26 million homes available at the beginning of July, equivalent to a 3 months’ supply. And despite the summer slowdown, homes are still selling quickly, with the typical home staying on market an average of 14 days.
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July 2022 Midlands SC Market Report
Posted by Ashley Martin on August 17th, 2022 9:56 AM
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2020 Mid-Year National/International Economic Update
August 6th, 2020 6:01 AM
This year, 2020, has truly been unique in many ways. As we reached the halfway point, here are a few NATIONAL/INTERNATIONAL stats that have affected the current economic state of affairs and led to a hot real estate market:
Key Economic Data and Events in July 2020
The last FOMC Meeting concluded with the Fed continuing its current Monetary Policy
2nd Quarter GDP showed the Economy Contracted 32.9%
The Economy added 4.8 million jobs, and the Unemployment Rate fell to 11.1%
The 10 Year Treasury Security yield is bouncing around 0.6%
Housing Market Data Released in July 2020
Existing Home Sales
(closed deals in June) rose 20.7%
to an annual rate of 4,720,000 homes, down 11.3% in the last 12 months. The median price for all types of homes is $295,300 - up 3.5% from a year ago. The median Single Family Home price is $298,600 and $262,700 for a condo. First Time Buyers were 35%, Investors 9%, Cash Buyers 16%. Homes were on the market for an average of 24 days, and 62% were on the market for less than a month. Currently, 1,570,000 homes are for sale, down 18.2% from 1,920,000 units a year ago.
New Home Sales
(signed contracts in June) rose 13.8%
to a seasonally adjusted annual rate of 776,000 homes - up 6.9% YoY. The median New Home price is $329,200, and the average is $384,700. There are 307,000 New Homes for sale, which is a 4.7 month supply.
Pending Home Sales Index
(signed contracts in June) rose 16.6%
, up 6.3
% Y
oY.
Building Permits
(issued in June) rose 2.1%
to a seasonally adjusted annual rate of 1,241,000 - down 2.5% YoY. Single-Family Permits rose 11.8% to an annual pace of 834,000 units, down 1.1% YoY.
Housing Starts
(excavation began in June) rose 17.3%
to an annual adjusted rate of 1,186,000 units - down 4.9% YoY. Single-Family Starts rose 17.2% to 831,000 units - down 3.9% in the last 12 months.
Housing Completions
(issued in June) rose 4.3
to an annual adjusted rate of 1,250,000 - up 5.1% YoY. Single Family Completions rose 9.6% to 910,000 units - up 4.0% in the last 12 months.
S&P/Case-Shiller 20 City Composite Home Price Index
rose 0.04%
in May, up 3.7% YoY.
FHFA Home Price Index
fell 0.3%
in May, now up 4.9% YoY.
Labor Market Economic Data Released in July 2020
The
Economy
added 4,800,000 Jobs
in June
The
Unemployment Rate
fell to 11.1%
in June from 13.3% the previous month
The
Labor Force Participation Rate
rose to 61.5%
in June from 60.8% the previous month The
Average Hourly Wage
fell 1.2%
in June, up 5.0% YoY
Inflation Economic Data Released in July 2020
CPI
rose 0.6%
, up 0.6% in the last 12 months
Core CPI
(ex-food & energy) rose 0.2%
, up 1.2% in the last 12 months
PPI
fell 0.2%
, down 0.8% in the last 12 months
Core PPI
(ex-food & energy) fell 0.3%
, down 0.1% in the last 12 months
GDP Economic Data Released in July 2020
Retail Sales
rose 7.5%
during June, now up 1.1% in the last 12 months
Consumer Confidence Index
fell to 92.6
from 98.1 the prior month
Consumer Sentiment Index
(U of M ) fell to 72.5 from 78.1
the previous month
Energy, International, and Things You May Have Missed
Oil Prices
are up slightly as they bounce around $42 a barrel. WTI Crude (West Texas Intermediate) is trading around $41/barrel, and Brent Crude is trading around $44/barrel.
The US Dollar weakened against the Euro, now about $1.18 vs the Euro.
The USMCA (US Mexico Canada Agreement) became effective July 1.
Eurozone GDP dropped 12.1% in the 2nd quarter. Germany's GDP was down 10.1%, France down 13.8%, Italy down 12.4%, Spain down 18.5%.
China's GDP grew 3.2% YoY in the 2nd quarter - if you can trust their data.
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The material provided is for informational and educational purposes only and should not be construed as investment, legal, financial, or mortgage advice. The information is gathered from sources believed to be credible. The source for most of the information, Act Appraisal Inc and Mortgage Elements Inc, do not guarantee or warrant its completeness or accuracy and there is no guarantee it is without errors.
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Posted by Ashley Martin on August 6th, 2020 6:01 AM
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November 2019 Data for the Columbia, SC, USA Region
December 18th, 2019 8:32 AM
MEDIAN SALES PRICES
Here is a link to current market activity for the COLUMBIA MLS market by area for November 2019:
https://files.constantcontact.com/b2ef073b701/93375195-04f3-46ac-9155-f198447b006c.pdf
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Posted by Ashley Martin on December 18th, 2019 8:32 AM
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2016 YEAR END STATISTICS
January 5th, 2017 8:21 AM
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Posted by Ashley Martin on January 5th, 2017 8:21 AM
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Columbia MLS 1 Year Market Activity (September 2015 - September 2016)
October 3rd, 2016 11:49 AM
New Listings
Sold Listings
Area
Available Inventory
New
Avg List Price
Pending
Sales
Avg Sale Price
% SP/LP
Avg DOM
Withdrawn
Expired
Area 001
2,741
2,120
172,852
1,554
1,458
156,201
96.68
72
438
288
Area 002
1,684
1,293
151,041
1,019
966
141,544
96.67
80
243
145
Area 003
945
681
114,569
393
381
105,612
92.83
93
198
158
Area 004
5,183
3,945
215,988
2,667
2,496
192,386
97.59
87
881
591
Area 005
816
619
190,630
382
357
175,269
94.95
83
170
92
Area 006
612
461
319,646
356
339
309,684
94.79
72
123
39
Area 007
1,006
724
210,521
446
413
202,178
94.72
85
191
135
Area 008
860
607
154,197
485
472
144,275
96.28
94
155
83
Area 009
132
85
132,790
61
56
102,517
91.05
126
29
15
Area 010
405
297
105,879
201
206
101,896
95.81
75
67
70
Area 011
3,764
2,970
217,486
2,258
2,195
203,445
98.58
76
504
351
Area 012
432
305
176,982
230
213
165,028
94.92
105
78
42
Area 014
895
722
252,953
522
481
236,341
98.43
75
130
77
Area 015
25
20
238,485
11
10
136,340
93.38
81
3
5
Area 020
328
235
600,161
147
133
562,340
94.32
121
69
40
Area 021
165
107
493,516
53
49
308,569
93.96
136
29
39
Area 022
69
46
302,587
30
30
270,912
94.39
156
13
15
Area 023
202
144
569,605
80
73
538,923
94.63
125
37
31
Area 024
6
5
259,700
1
2
47,450
100
18
1
2
Area 030
943
709
181,737
538
531
168,390
98.16
86
129
92
Area 031
744
467
219,597
282
265
167,245
93.50
134
123
112
Area 040
97
73
115,780
42
40
85,391
96.70
69
21
9
Area 050
100
70
223,669
40
28
153,225
96.03
76
18
20
Area 060
178
119
191,052
53
43
128,763
93.28
139
37
39
Area 070
23
14
154,225
7
7
143,975
97.54
100
3
8
Area 080
85
62
186,504
40
40
111,515
90.63
117
13
15
Area 090
430
298
120,386
210
208
122,368
93.37
107
63
64
Area 100
346
213
207,066
128
115
167,127
91.30
151
68
50
Area 110
266
199
164,003
96
79
98,016
92.32
96
52
51
Residential
29,717
17,610
208,939
1,341
11,686
185,682
96.67
85
3,886
2,678
Auction
236
212
87,012
14
106
79,462
91.12
77
50
30
Commercial-Indust
897
415
346,503
18
90
268,527
86.10
225
118
220
Lots and Acreage
6,464
2,869
135,341
146
841
80,719
87.04
276
742
1,496
Multi Family
318
180
207,335
15
84
173,676
91.63
119
35
55
Proposed Construction
146
49
231,261
0
0
0
0
0
41
22
Rental
3,235
1,834
1,404
19
5
32,046
3,751.44
27
386
81
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Posted by Ashley Martin on October 3rd, 2016 11:49 AM
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Lexington County Statistics - October 2015
November 16th, 2015 8:31 AM
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Posted by Ashley Martin on November 16th, 2015 8:31 AM
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2013 Columbia, SC Real Estate Market Report
January 24th, 2014 1:33 PM
Month
Year
Units
Listed
Listed
Volume
Listed
Average
Units
Sold
Sold
Volume
Sold
Average
Average
DOM
Jan
2013
1414
256,316,027
181,270
542
86,286,387
159,199
117
Feb
2013
1386
246,788,506
178,058
578
86,372,999
149,434
120
Mar
2013
1544
307,099,099
198,898
755
127,439,376
168,793
119
Apr
2013
1623
308,757,282
190,238
782
129,314,222
165,363
116
May
2013
1519
302,085,265
198,871
957
167,001,867
174,505
107
Jun
2013
1394
273,111,101
195,919
956
166,252,994
173,904
101
Jul
2013
1491
275,446,246
184,739
939
160,892,614
171,344
109
Aug
2013
1420
254,128,552
178,963
988
166,020,137
168,036
97
Sep
2013
1191
212,491,830
178,414
775
128,779,954
166,167
104
Oct
2013
1387
267,246,488
192,679
741
123,355,959
166,472
112
Nov
2013
1173
220,172,782
187,700
627
108,659,658
173,300
104
Dec
2013
913
167,586,077
183,555
673
115,124,134
171,061
107
Totals:
16455
3,091,229,255
187,860
9313
1,565,500,301
168,098
109
Total Listed:16455
Sold Units:9313
Remaining Units:7142
Inventory Accum.:9.20 *
Min Sold Price:
$1
Average Sold Price:
$168,098
Median Sold Price:
$143,500
Max Sold Price:
$1,590,000
Min List Price:
$0
Average List Price:
$187,859
Median List Price:
$150,000
Max List Price:
$2,999,000
*
Inventory Accumulation (in months) = (# Remaining Units)/(# Sold Units/# Months)
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Posted by Ashley Martin on January 24th, 2014 1:33 PM
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2012 Columbia, SC Market Home Sales Report
January 24th, 2014 1:31 PM
Month
Year
Units
Listed
Listed
Volume
Listed
Average
Units
Sold
Sold
Volume
Sold
Average
Average
DOM
Jan
2012
1403
235,975,094
168,193
425
71,699,367
168,704
115
Feb
2012
1335
237,298,420
177,751
462
69,656,568
150,771
127
Mar
2012
1562
292,045,270
186,968
637
98,502,300
154,634
123
Apr
2012
1427
269,460,024
188,829
646
103,534,643
160,270
126
May
2012
1437
264,098,052
183,784
729
115,706,070
158,718
119
Jun
2012
1309
241,868,212
184,773
725
122,780,737
169,352
112
Jul
2012
1357
238,808,252
175,982
730
120,514,562
165,088
113
Aug
2012
1406
255,475,474
181,703
792
129,193,790
163,123
120
Sep
2012
1164
204,049,833
175,300
595
100,500,379
168,908
111
Oct
2012
1255
219,674,643
175,039
687
109,601,544
159,536
113
Nov
2012
1022
185,014,878
181,032
616
94,038,171
152,659
116
Dec
2012
756
123,711,602
163,639
580
94,774,794
163,404
113
Totals:
15433
2,767,479,754
179,322
7624
1,230,502,925
161,399
117
Total Listed:15433
Sold Units:7624
Remaining Units:7809
Inventory Accum.:12.29 *
Min Sold Price:
$555
Average Sold Price:
$161,398
Median Sold Price:
$139,000
Max Sold Price:
$1,451,000
Min List Price:
$0
Average List Price:
$179,322
Median List Price:
$141,875
Max List Price:
$12,500,000
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January 2012 Columbia, SC Market Home Sales Report
February 17th, 2012 12:45 PM
Month
Year
Units
Listed
Listed
Volume
Listed
Average
Units
Sold
Sold
Volume
Sold
Average
Average
DOM
Jan
2012
1399
249,456,654
178,310
415
68,709,068
165,564
114
Totals:
1399
249,456,654
178,311
415
68,709,068
165,564
114
Total Listed:1399
Sold Units:415
Remaining Units:984
Inventory Accum.:2.37 *
Min Sold Price:
$6,750
Average Sold Price:
$165,564
Median Sold Price:
$139,000
Max Sold Price:
$960,000
Min List Price:
$5,000
Average List Price:
$178,310
Median List Price:
$140,000
Max List Price:
$2,300,000
*
Inventory Accumulation (in months) = (# Remaining Units)/(# Sold Units/# Months)
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2011 Columbia, SC Market Home Sales Report
December 12th, 2011 8:53 AM
Home Sales Report
Sold Residential Listings
1/01/2011 - 12/12/2011
Area(s) = All
Price Class
0-2
Bedrm
3
Bedrm
4+
Bedrm
SF
Total
0-1
Bedrm
2
Bedrm
3+
Bedrm
Condo
Total
Total
Units
Price Class
0-2
Bedrm
3
Bedrm
4+
Bedrm
SF
Total
0-1
Bedrm
2
Bedrm
3+
Bedrm
Condo
Total
Total
Units
29,999 or Under
66
216
39
321
2
23
4
29
350
30,000 - 39,999
16
112
30
158
0
4
4
8
166
40,000 - 49,999
15
91
29
135
2
5
0
7
142
50,000 - 59,999
15
93
16
124
4
5
2
11
135
60,000 - 69,999
26
99
19
144
3
9
2
14
158
70,000 - 79,999
36
96
22
154
1
4
2
7
161
80,000 - 89,999
46
145
26
217
2
10
2
14
231
90,000 - 99,999
28
190
45
263
0
1
2
3
266
100,000 - 119,999
74
431
97
602
3
4
3
10
612
120,000 - 139,999
57
489
153
699
4
10
8
22
721
140,000 - 159,999
40
327
241
608
1
12
2
15
623
160,000 - 179,999
25
195
240
460
3
6
3
12
472
180,000 - 199,999
13
110
165
288
0
5
0
5
293
200,000 - 249,999
22
166
392
580
0
12
5
17
597
250,000 - 299,999
9
83
271
363
0
8
2
10
373
300,000 - 399,999
5
92
258
355
0
2
2
4
359
400,000 - 499,999
3
16
96
115
0
0
2
2
117
500,000 - 749,999
1
18
79
98
0
0
0
0
98
750,000 - 999,999
0
0
18
18
0
0
0
0
18
1,000,000 and Over
0
1
5
6
0
0
0
0
6
Total Units:
497
2970
2241
5708
25
120
45
190
5898
Total $: (x1000)
53199
384337
515095
952632
2293
14069
6507
22870
975502
Median $: (x1000)
100
120
199
141
85
90
128
107
140000
Average $: (x1000)
107
129
229
166
91
117
144
120
165395
Days on Market
SF
Condo
Res Total
Days on Market
SF
Condo
Res Total
0 - 30
1376
52
1428
31 - 60
861
26
887
61 - 90
734
21
755
91 - 120
631
12
643
121+
2211
81
2292
Financing
SF
Condo
Res Total
Financing
SF
Condo
Res Total
Assume
0
0
0
Cash
1174
103
1277
CONV
2100
77
2177
FHA
1486
9
1495
FLB
2
0
2
FMHA/RECD
4
0
4
Land Contract
5
0
5
Lease/Purchase
4
0
4
Other
80
1
81
Owner Financed
25
1
26
SHA
10
0
10
TRADE/EXCH
1
0
1
VA
678
1
679
Home Sales Report
Current Active Listings
Price Class
0-2
Bedrm
3
Bedrm
4+
Bedrm
SF
Total
0-1
Bedrm
2
Bedrm
3+
Bedrm
Condo
Total
Total
Units
Price Class
0-2
Bedrm
3
Bedrm
4+
Bedrm
SF
Total
0-1
Bedrm
2
Bedrm
3+
Bedrm
Condo
Total
Total
Units
29,999 or Under
43
45
6
94
9
14
7
30
124
30,000 - 39,999
38
51
8
97
1
24
6
31
128
40,000 - 49,999
28
43
9
80
0
18
6
24
104
50,000 - 59,999
34
91
12
137
4
10
1
15
152
60,000 - 69,999
36
95
26
157
8
8
0
16
173
70,000 - 79,999
41
141
25
207
9
10
6
25
232
80,000 - 89,999
66
156
26
248
3
20
2
25
273
90,000 - 99,999
44
195
26
265
4
9
2
15
280
100,000 - 119,999
86
495
84
665
8
17
5
30
695
120,000 - 139,999
81
501
143
725
4
16
7
27
752
140,000 - 159,999
36
318
219
573
4
7
7
18
591
160,000 - 179,999
29
216
218
463
3
6
5
14
477
180,000 - 199,999
24
171
203
398
4
18
1
23
421
200,000 - 249,999
44
227
372
643
1
14
9
24
667
250,000 - 299,999
24
157
249
430
2
10
5
17
447
300,000 - 399,999
18
153
307
478
2
4
4
10
488
400,000 - 499,999
6
51
154
211
0
2
2
4
215
500,000 - 749,999
5
38
149
192
0
1
0
1
193
750,000 - 999,999
1
9
63
73
0
0
0
0
73
1,000,000 and Over
1
1
40
42
0
0
0
0
42
Total Units:
685
3154
2339
6178
66
208
75
349
6527
Total $: (x1000)
88181
501093
684567
1273842
6980
24828
10914
42724
1316566
Median $: (x1000)
104
129
224
155
89
89
125
99
151990
Average $: (x1000)
128
158
292
206
105
119
145
122
201884
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August 2022 MarketUpdate
Columbia, SC Marketing Report for July 2022
2021 Columbia, SC Real Estate Market Statistics
June 2021 Stats for the Midlands of SC
May 2021 Real Estate/Economic Data
1st Quarter 2021 Mortgage Economic Review
October 2020 Real Estate/Economic Data
2020 Mid-Year National/International Economic Update
November 2019 Data for the Columbia, SC, USA Region
JULY 2019 MARKET REPORT - COLUMBIA, SC MARKET
Archives:
January 2008
Blog entry
January 2017
2016 YEAR END STATISTICS
October 2016
Columbia MLS 1 Year Market Activity (September 2015 - September 2016)
November 2015
Lexington County Statistics - October 2015
December 2014
OCTOBER 2014 SC REAL ESTATE STATISTICS
January 2014
2013 Columbia, SC Real Estate Market Report
2012 Columbia, SC Market Home Sales Report
February 2012
January 2012 Columbia, SC Market Home Sales Report
December 2011
2011 Columbia, SC Market Home Sales Report
April 2011
How do foreclosures affect the value of your home?
September 2010
IS IT TIME TO REFINANCE?
May 2010
When and Why to Get an Appraisal
February 2010
Appraisal Fees
January 2010
2010 and the Real Estate Market
June 2008
Market Activity
January 2017 (1)
October 2016 (1)
November 2015 (1)
December 2014 (1)
January 2014 (2)
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February 2010 (1)
January 2010 (1)
June 2008 (1)
January 2008 (1)
Categories:
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General (17)
MARKET REPORT (1)
Midlands Columbia SC Real Estate (1)
Mortgage Economic Review (1)
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