Nationwide, existing homes sales are down slightly in August 2021, falling 2% after two consecutive months of increases, according to the National Association of Realtors. Declining affordability has had a significant impact in homebuyers, many of whom have been priced out of the market and are choosing to wait for sale prices to ease before resuming their home search. There are signs the market may be shifting, however. New listings have continued to hit the market, bucking seasonality trends commonly seen in the fall, a time when listing and sales activity slows as children return to school. As inventory increases, competItion for homes may soften, and could even bring a moderation in sales prices, which after 114 month of year over year gains would be music to the ears of homebuyers throughout the country and the county.
Activity Snapshot in Columbia County
ONE YEAR CHANG IN CLOSED SALES
-25.8%
ONE YEAR CHANGE IN MEDIUM SALES PRICE
+7.7%
ONE YEAR CHANGE IN HOMES FOR SALE
-53.0%
DAYS ON THE MARKET 2020 91 TO 1021 65
-28.6%
