March 2024 vs. February 2024: Richmond & Columbia County Market Insights

As we continue to navigate through the dynamic real estate landscape, it's crucial to stay informed about the latest trends and statistics in our local housing market. In this month's newsletter, we delve into a comparative analysis of March 2024 against February 2024 for Richmond and Columbia counties.

Richmond County:

- March 2024: 195 closed sales, with an average sales price of $204,558. Properties spent an average of 98 days on the market, with an average price per square foot of $121.

- February 2024: 133 closed sales, with an average sales price of $213,037. Properties spent an average of 87 days on the market, with an average price per square foot of $117.

Columbia County:

- March 2024: 220 closed sales, with an average sales price of $372,025. Properties spent an average of 114 days on the market, with an average price per square foot of $154.

- February 2024: 162 closed sales, with an average sales price of $379,410. Properties spent an average of 105 days on the market, with an average price per square foot of $157.

Comparing and Contrasting:

- Sales Volume: Both counties experienced an increase in closed sales from February to March, indicating continued activity in the market.

- Average Sales Price: While Richmond County saw a slight decrease in average sales price, Columbia County witnessed a marginal increase.

- Days on the Market: Properties in both counties spent more days on the market in March compared to February, suggesting a potential shift in buyer behavior or inventory dynamics.

- Price per Square Foot: Interestingly, while Columbia County's average price per square foot remained relatively stable, Richmond County experienced a slight uptick.

For a More Comprehensive Explanation:

Watch the video as Jasmin and Antonio simplify what's happening in the market and provide expert insights to aid you in your real estate journey. Stay tuned for next month's Market Report as we continue to monitor trends and provide expert insights to support your real estate journey.