Columbia South Carolina Homes Sales Outpace National Increase

Columbia South Carolina Homes Sales Outpace National Increase

It appears as though many of those millennials who have been living in their parents basements are starting to move up and out! Through May of this year sales of existing homes in the greater Columbia, South Carolina market including the city of Columbia, Lexington County, Richland County,  Irmo and  Chapin were up an astounding 17% compared to last year.  Sales included single family homes, townhomes and condominiums.

These results parallel those reported today by the National Association of Realtors, where nationwide existing-homes sales increased in May to their highest pace in nearly six years, with an increase in first time home buyers fueling the surge. National sales have now increased year-over year for eight consecutive months and are 9.3 percent above last year."The return of first-time buyers in May is an encouraging sign and is the result of multiple factors, including strong job gains among young adults, less expensive mortgage insurance and lenders offering low down payment programs," said Lawrence Yun, NAR chief economist.Yet listings have failed to match the greater demand, fueling large price gains. This is good news if you have been thinking about selling your home. 

Live in the Columbia market and curious as to what your home might sell for?  Find out here!

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Gary Heiligman Real Estate Professional advocating and negotiating on behalf of  Buyers and Sellers in  communities surrounding Lake Murray South Carolina including, Chapin, Irmo, Lexington and Timberlake . Real Estate with Gary Heiligman associated with EXIT Midlands Realty, email garyscexit@gmail.com or call 803-271-9544

Author: Maria Kitchens
Phone: 803-467-1694
Dated: June 22nd 2015
Views: 1,589
About Maria: Maria Kitchens is a Real Estate Professional who has lived in Chapin, SC, for the past nine years wi...

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