As we cross the seven-month mark of 2014, we have an excellent opportunity to compare our current local data with the same period from 2013. The numbers tell a story of a market that is not just recovering, but actively growing.
The Stats: Sales on the Rise
For the first seven months of 2014, Columbia County saw 308 residential properties sold. This represents a significant 11% increase compared to the same period in 2013, when 276 houses were sold.
The Influx of New Inventory
While it is exciting to see more sales, it is equally important to note the rise in new listings. Many potential sellers who have stayed on the sidelines waiting for the "perfect" market turn have decided that 2014 is the right time to list.
What this means for Sellers: As more competition enters the market, pricing becomes your most powerful tool. To stand out among the new inventory, your property must be priced competitively. Even in a growing market, buyers remain savvy and value-conscious.
Optimism for the Second Half of 2014
I continue to be optimistic about a slow but steady climb upward. As we see more serious, qualified buyers entering the market, we expect prices to track slightly higher through the remainder of the year.
All statistics are sourced directly from our local Multiple Listing Service (MLS), ensuring you have the most accurate data to guide your real estate decisions.
