Published July 30, 2024
Market Report: June 2024 vs. May 2024 for Richmond and Columbia Counties
As we analyze the real estate market trends for June 2024 compared to May 2024 in Richmond and Columbia Counties, we see some interesting changes. Here’s a detailed comparison of key statistics:
Richmond County
May 2024:
Average Closed Sales: 209
Average Sales Price: $245,914
Average Days on Market: 84
Average Price per Sq. Ft.: $137
June 2024:
Average Closed Sales: 160
Average Sales Price: $240,084
Average Days on Market: 85
Average Price per Sq. Ft.: $133
Analysis:Richmond County experienced a noticeable decrease in the number of closed sales, dropping from 209 in May to 160 in June. The average sales price also saw a slight decline, from $245,914 to $240,084. The average days on the market remained relatively stable, increasing by just one day. Additionally, the average price per square foot decreased from $137 to $133.
Columbia County
May 2024:
Average Closed Sales: 282
Average Sales Price: $393,998
Average Days on Market: 101
Average Price per Sq. Ft.: $161
June 2024:
Average Closed Sales: 275
Average Sales Price: $375,932
Average Days on Market: 94
Average Price per Sq. Ft.: $155
Analysis: Columbia County also saw a decrease in the number of closed sales, dropping slightly from 282 in May to 275 in June. The average sales price fell from $393,998 to $375,932. However, the average days on the market improved, decreasing from 101 days to 94 days. The average price per square foot decreased from $161 to $155.
Both Richmond and Columbia Counties experienced a decrease in closed sales and average sales prices from May to June 2024. Richmond County saw a slight increase in the average days on the market, while Columbia County showed an improvement with fewer days on the market. The average price per square foot declined in both counties, indicating a slight market adjustment.
As we move forward, it will be essential to monitor these trends to understand the broader market dynamics and potential opportunities for buyers and sellers.
Stay tuned for more updates and insights in our next market report!
