November 14, 2024

Madera Sells

Home & Real Estate

Residential Actual Property and Jobs Markets in Columbia 2022

Residential Actual Property and Jobs Markets in Columbia 2022

What a distinction a yr makes in residential actual property.  Coming into 2022, we had...
Residential Actual Property and Jobs Markets in Columbia 2022

What a distinction a yr makes in residential actual property. 

Coming into 2022, we had been coming off the 2 most frenzied residential actual property markets in 2020 and 2021, These two years had been catalyzed by traditionally low mortgage charges and the market’s need for extra space brought on by distant work and college because of the pandemic. 

Through the frenzied interval, we skilled fast worth appreciation, file low ranges of stock, file low ranges of days in the marketplace and gross sales had been the best that they had been for the reason that 2004 – 2006 timeframe. Gross sales by means of the Columbia Board of Realtors in 2022 amounted in to 2249, down from 2819 in 2021, a lower of 570 houses or 20.2%.