Here’s how our market has been holding up during the COVID-19 pandemic.
In my last few blog entries, I’ve been bringing you updated statistics on the Columbia real estate market as it stands during the pandemic, and even with all the uncertainty the country is facing, I can still say that our market so far is doing well.
Overall, our market has healthy home prices, and I don’t see them going down at all.
We’re a little bit off from where I expected us to be. I had predicted a 10% uptick in sales this year (not factoring in the pandemic), but so far, we’ve broken about even:
- January 2019: 1,028 | January 2020: 1,128
- February 2019: 1,052 | February 2020: 1,193
- March 2019: 1,387 | March 2020: 1,367
- April 2019: 1,383 | April 2020: 1,311
From these numbers, you can see that nothing has drastically changed in our market, and though we didn’t grow as we’d hoped to, there are still plenty of buyers out searching.
The number of lockbox opens has been tracking pretty strongly, having increased from 298 in March to 353 in April.
Overall, our market has healthy home prices, and I don’t see them going down at all. Keep your fingers crossed just in case!
If we can help you at all during these trying times, don’t hesitate to reach out to us. We’d be glad to hear from you.