Lexington SC Real Estate Blog

Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable

In the most recent Sunday edition of The State newspaper (January 25, 2009, section F) there was a huge article about the state of the housing market in Columbia, SC. The greater Columbia, SC area is made up of 5 general areas: Irmo, NE Richland, Lexington, Downtown, and Southeast. The strongest area of town was the downtown area where sales dropped 17% from 2007 but sales prices actually rose 5%. In Lexington sales were down about 26% from 2007 and prices remained somewhat stable dropping only 1%. The general consensus of most areas in the area is that while sales have slowed, which is no big surprise, values have remained stable, which has always been a hallmark of the region. Interest rates are great and there are some great deals out there right now.

LEXINGTON SC HOME SALES STATISTICS

Sales in the 29072 zip code for Lexington have obviously picked up ! The market activity is getting much better and with the current interest rate environment, now is a great time to buy. For sellers this is very encouraging news as the market appears to picking up.

1-16-09 through 1-22-09

Lexington SC Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$149,250	55	up 27%	15	down 6%	126

Irmo Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$137,347	32	down 51%	8	-	126

Lake Murray Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$444,000	6	up 8%	2	-	125

Columbia Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$146,442	56	down 30%	8	down 34%	69

Chapin Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$154,995	10	-	1	-	93

Northeast Columbia Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$155,950	57	down 30%	19	up 5%	105

Lexington SC Entry Level Homes [less than $125K]	Lexington SC Median Homes [$125K ~ $300K]	Lexington SC Upscale Homes [$300k ~ $600K]
Lexington SC Luxury Homes [over $600K]	Lexington SC Lots and Land for Sale	Columbia Real Estate for Sale

Web Link: Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable
 

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