Within the month of June of 2008 within Irmo SC Real Estate (also known as CMLS Area 1) there was a great deal of activity. As I have said before, Irmo SC Real Estate is one of the best areas in my opinion of Columbia South Carolina Real Estate.
Within the month of June, there were 123 closed single family residential listings within Irmo SC Real Estate. The average close price for this area of Columbia SC Real Estate was $164,000.
In the same period of time in the year 2007 within Irmo South Carolina Real estate, there were 149 homes closed. Therefore, we have seen a decent decrease this year, as everyone expects. A plus is the house values remain unchanged. In 2007, the average home price closed as $164,000, just like this year.
On the flip side of things, during that time in the Irmo SC Real Estate market, there were 727 homes marked as active on the market. If you look at it from this angle, currently there are 5.91 months of inventory on the market. Currently, the average price of single family homes homes listed within Irmo SC Real Estate is $171,000. Once again, pricing your Columbia SC Real Estate homes to sell is extremely important in our current market.
The big thing to remember at the moment, as stated above, is price your Columbia SC Real Estate homes appropriately. If you are not willing to do that, then it is probably best that you wait a couple of months for the market to adjust.
If you have any questions about the Columbia SC Real Estate market, please do let me know and I will answer them.