After reaching a national home value bottom in Q2, the housing market including Columbia SC has continued on a positive streak through the summer months. July marks the eighth consecutive month of home value appreciation, according to Zillow’s July Real Estate Market Reports, which were released today.
Nationally, home values climbed 0.5 percent from June to July.
The median list price in August for single family homes in Columbia SC is $64,700. The list prices increased by 0.31% from the previous month. The price per square foot for listings in this area is $56.
The median list price in August for single family homes in Columbia SC Irmo area is $158,900. The list prices dropped by -3.4%from the previous month. The price per square foot for listings in this area is $84.
Nationally we have experienced some of the largest monthly increases, rising 2.2, 1.2 and 1.2 percent, respectively. With Columbia SC showing strong numbers in home value growth as well.
“This summer, the housing market continued to heal, as home values experienced their eighth consecutive month of increases,” said Zillow Chief Economist
Dr. Stan Humphries. “Tight inventory levels are leading to bidding wars and multiple offers across the country and in Columbia SC . Looking ahead, we expect to see less aggressive increases in the fall as rising home values lift some would-be sellers out of negative equity, allowing them to place their homes on the market.”
Learn more on the market trends and home values in Columbia SC and surrounding areas.
With the National and Local increase in home values it is a great time to Buy or sell in Columbia SC