Columbia SC Real Estate and Community News

Aug. 19, 2025

Columbia SC Real Estate Market Update

July 2025

U.S. existing-home sales fell 2.7% from the previous month to a seasonally adjusted
annual rate of 3.93 million, according to the National Association of REALTORS®
(NAR). Sales were unchanged from one year earlier. Regionally, monthly sales
declined in the Midwest, Northeast, and South but rose in the West. Year-over-year,
sales decreased in the Northeast and West but increased in the South and Midwest.

New Listings were up 23.8 percent to 1,816. Pending Sales increased 13.9 percent
to 1,315. Inventory grew 38.5 percent to 3,490 units.

Prices moved higher as Median Sales Price was up 2.5 percent to $283,000. Days
on Market held steady at 44. Months Supply of Inventory was up 30.4 percent to 3.0
months, indicating that supply increased relative to demand.

Nationally, the median existing-home sales price rose 2.0% year-over-year to
$435,300, a new monthly high and the 24th consecutive month of annual price
gains, according to NAR. Slower sales activity has contributed to rising inventory
this year, with 1.53 million properties listed for sale heading into July, a 15.9%
increase from the same time last year and equivalent to a 4.7-month supply at the
current sales pace.

Information courtesy of CMLS*

 

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July 17, 2025

Columbia SC Real Estate Market Update

June 2025

U.S. existing-home sales edged up 0.8% month-over-month to a seasonally
adjusted annual rate of 4.03 million units, exceeding economists’ expectations,
although sales were down 0.7% year-over-year, according to the National
Association of REALTORS® (NAR). On a monthly basis, sales increased in the
Midwest, Northeast, and South but decreased in the West.

New Listings were up 14.7 percent to 1,780. Pending Sales increased 16.4 percent
to 1,365. Inventory grew 33.9 percent to 3,299 units.

Prices moved higher as Median Sales Price was up 1.8 percent to $290,000. Days
on Market increased 2.4 percent to 43 days. Months Supply of Inventory was up
26.1 percent to 2.9 months, indicating that supply increased relative to demand.

Heading into June, there were 1.54 million units for sale across the country, a 6.2%
increase from the previous month and a 20.3% improvement over the same period
last year, representing a 4.6-month supply at the current sales pace, according to
NAR. Despite the additional supply, home prices have continued to rise nationwide,
albeit at a slower pace than during the pandemic, climbing 1.3% year-over-year to
$422,800 as of last measure.

Information courtesy of CMLS*

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June 24, 2025

Columbia SC Real Estate Market Update

May 2025

U.S. existing-home sales dipped 0.5% month-over-month and 2.0% year-over-year
to a seasonally adjusted annual rate of 4.00 million units, according to the National
Association of REALTORS® (NAR). Sales increased in the Midwest, decreased in
the West and Northeast, and were unchanged in the South. Year-over-year, sales
were down in every region except the Northeast.

New Listings were up 13.5 percent to 1,830. Pending Sales increased 16.0 percent
to 1,411. Inventory grew 38.3 percent to 3,174 units.

Prices moved higher as Median Sales Price was up 1.8 percent to $283,973. Days
on Market increased 7.1 percent to 45 days. Months Supply of Inventory was up
33.3 percent to 2.8 months, indicating that supply increased relative to demand.

There were 1.45 million units actively for sale heading into May, a 9.0% increase
from the previous month and a 20.8% improvement from the same time last year,
for a 4.4-month supply at the current sales pace, according to NAR. The median
existing-home price edged up 1.8% year-over-year to $414,000 as of last measure,
the 22nd consecutive month of annual price increases and a new record high for the
month.

Information courtesy of CMLS*

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May 23, 2025

Columbia SC Real Estate Market Update

April 2025

U.S. existing-home sales decreased 5.9% month-over-month and 2.4% year-over-
year to a seasonally adjusted annual rate of 4.02 million units, according to the
National Association of REALTORS® (NAR), as affordability challenges and
economic uncertainty weigh on market activity. Sales were down month-over-month
in all four regions, with the West experiencing the largest decline, at 9.4%.

New Listings were up 23.2 percent to 1,845. Pending Sales increased 12.7 percent
to 1,500. Inventory grew 39.0 percent to 2,995 units.

Prices moved higher as Median Sales Price was up 2.5 percent to $273,983. Days
on Market increased 10.9 percent to 51 days. Months Supply of Inventory was up
35.0 percent to 2.7 months, indicating that supply increased relative to demand.

Total housing inventory increased 8.1% month-over-month for a total of 1.33 million
units heading into April, equivalent to a 4.0-month supply at the current sales pace,
according to NAR. Although inventory is up nearly 20% from the same time last
year, the additional supply has had little effect on home prices across much of the
country, with the national median existing-home price climbing 2.7% year-over-
year to $403,700 as of last measure.

Information courtesy of CMLS*

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April 28, 2025

Columbia SC Real Estate Market Update

March 2025

U.S. existing-home sales rebounded from the previous month, rising 4.2% to a
seasonally adjusted annual rate of 4.26 million units, according to the National
Association of REALTORS® (NAR). Economists polled by Reuters had forecast
sales would fall to a rate of 3.95 million for the month. Purchase activity increased in
the South and the West but decreased in the Northeast, while sales in the Midwest
remained unchanged from one month earlier.

New Listings were up 11.3 percent to 1,710. Pending Sales increased 11.6 percent
to 1,433. Inventory grew 27.1 percent to 2,869 units.

Prices moved lower as Median Sales Price was down 0.5 percent to $270,000. Days
on Market increased 7.5 percent to 57 days. Months Supply of Inventory was up
23.8 percent to 2.6 months, indicating that supply increased relative to demand.

Heading into March there were 1.24 million properties for sale, a 5.1% increase from
the previous month and a 17% jump from one year ago, for a 3.5-month supply at
the current sales pace, according to NAR. While mortgage rates have remained in
the mid-to-high 6% range, the additional supply appears to have helped bring some
buyers out of the woodwork, even as sales prices continue to rise nationwide.

Information courtesy of CMLS*

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March 21, 2025

Columbia SC Real Estate Market Update

February 2025

U.S. existing-home sales fell for the first time since September, slipping 4.9% monthover-
month to a seasonally adjusted annual rate of 4.08 million units, according to
the National Association of REALTORS® (NAR), as elevated home prices and higher
interest rates continue to impact buyer activity. Despite the drop, sales were up 2%
compared to the same period last year, marking the fourth consecutive monthly yearover-
year increase.

New Listings were up 13.4 percent to 1,392. Pending Sales increased 10.1 percent
to 1,179. Inventory grew 29.0 percent to 2,845 units.

Prices moved higher as Median Sales Price was up 2.3 percent to $267,900. Days
on Market increased 18.4 percent to 58 days. Months Supply of Inventory was up
30.0 percent to 2.6 months, indicating that supply increased relative to demand.

The limited number of properties for sale has continued to push home prices higher
nationwide. At last measure, the national median existing-home price was $396,900,
a 4.8% increase from one year earlier, with prices up in all four regions, according to
NAR. Meanwhile, total housing inventory heading into February stood at 1.18 million
units, up 3.5% month-over-month and 16.8% year-over-year, for a 3.5-month
supply at the current sales pace.

Information courtesy of CMLS*

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Feb. 20, 2025

Columbia SC Real Estate Market Update

January 2025

U.S. existing-home sales advanced for the third straight month, climbing 2.2% to a
seasonally adjusted annual rate of 4.24 million units, a 10-month high, according to
the National Association of REALTORS® (NAR). Sales were up 9.3% year-over-year,
driven largely by purchases of homes priced $500,000 and above. Month-overmonth,
sales rose in the South, Northeast, and the West but fell in the Midwest, with
all four regions reporting year-over-year gains.

New Listings were up 8.0 percent to 1,513. Pending Sales increased 2.0 percent to
1,109. Inventory grew 28.0 percent to 2,893 units.

Prices moved higher as Median Sales Price was up 3.9 percent to $268,000. Days
on Market increased 19.6 percent to 55 days. Months Supply of Inventory was up
23.8 percent to 2.6 months, indicating that supply increased relative to demand.

According to NAR, total housing inventory was 1.15 million units heading into
January, a 13.5% decrease from the previous month but a 16.2% increase from the
same period one year earlier, for a 3.3-month supply at the current sales pace.
Housing supply remains down compared to pre-pandemic levels, and the limited
number of homes on the market continues to push sales prices higher nationwide,
with the median existing-home price rising 6% year-over-year to $404,400.

Information courtesy of CMLS*

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Jan. 31, 2025

Columbia SC Real Estate Market Update

December 2024

U.S. existing-home sales improved for the second consecutive month, rising 4.8%
to a seasonally adjusted annual rate of 4.15 million units, an eight-month high,
according to the National Association of REALTORS® (NAR). Sales were up 6.1%
compared to the same time last year, marking the largest year-over-year increase
since June 2021. Economists had forecast existing-home sales would come in at an
annual rate of 4.07 million units for the month.

New Listings were up 20.4 percent to 1,100. Pending Sales increased 19.9 percent
to 887. Inventory grew 27.6 percent to 2,770 units.

Prices moved lower as Median Sales Price was down 0.8 percent to $270,500. Days
on Market increased 11.6 percent to 48 days, the twelfth consecutive month of yearover-
year gains. Months Supply of Inventory was up 25.0 percent to 2.5 months, the
twelfth consecutive month of year-over-year gains.

Total housing inventory stood at 1.33 million units heading into December, a 2.9%
decrease from the previous month but a 17.7% increase year-over-year, for a 3.8-
month supply at the current sales pace. Inventory remains below the 5 – 6 months’
supply of a balanced market, and the limited number of homes for sale continues to
put upward pressure on sales prices nationwide, with NAR reporting a median
existing-home price of $406,100, a 4.7% increase from one year earlier.

Information courtesy of CMLS*

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Dec. 19, 2024

Columbia SC Real Estate Market Update

November 2024

U.S. existing-home sales rose 3.4% month-over-month and 2.9% year-over-year to
a seasonally adjusted annual rate of 3.96 million units, exceeding economists’
expectations for the month and marking the first annual gain since July 2021,
according to the National Association of REALTORS® (NAR). Lower mortgage rates
in late summer and early fall helped sales increase across all four regions.

New Listings were up 16.0 percent to 1,275. Pending Sales increased 18.3 percent
to 1,030. Inventory grew 32.0 percent to 2,942 units.

Prices moved higher as Median Sales Price was up 0.9 percent to $270,000. Days
on Market increased 27.5 percent to 51 days, the twelfth consecutive month of yearover-
year gains. Months Supply of Inventory was up 23.8 percent to 2.6 months, the
twelfth consecutive month of year-over-year gains.

The number of homes for sale continues to improve nationwide, climbing 0.7%
month-over-month and 19.1% year-over-year to 1.37 million units heading into
November, for a 4.2-month supply at the current sales pace, according to NAR.
Despite a wider selection of properties on the market, sales prices have remained
strong at the national level, with a median existing-home price of $407,200 as of last
measure, a 4% increase from the same time last year.

Information courtesy of CMLS*

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Nov. 19, 2024

Columbia SC Real Estate Market Update

October 2024

U.S. existing-home sales unexpectedly slipped 1.0% month-over-month and 3.5%
year-over-year to a seasonally adjusted annual rate of 3.84 million, the lowest level
in more than a decade, according to the National Association of REALTORS®
(NAR). Prospective buyers have pulled back in recent months, despite lower
mortgage rates and more home choices compared to the same time last year.

New Listings were up 9.1 percent to 1,488. Pending Sales increased 14.8 percent to
1,117. Inventory grew 33.3 percent to 2,988 units.

Prices moved higher as Median Sales Price was up 1.0 percent to $272,750. Days
on Market increased 25.7 percent to 44 days, the twelfth consecutive month of yearover-
year gains. Months Supply of Inventory was up 28.6 percent to 2.7 months, the
twelfth consecutive month of year-over-year gains.

There were 1.39 million homes for sale heading into October, a 1.5% increase from
the previous month and a 23% increase from the same period last year, for a 4.3-
month supply at the current sales pace, according to NAR. Even with improving
supply and the slower sales pace, home prices have continued to rise nationwide,
with NAR reporting a median existing-home price of $404,500 as of last measure, a
3% increase from one year ago.

Information courtesy of CMLS*

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