March 9th Market Update- Columbia County Real Estate

⏰Have you recovered from springing forward yet?  Due to the lost hour yesterday I didn’t get this market update posted… so here it is today. Happy Monday!

Let’s quickly take a look back at the first two months of 2025.

📊Coming off of 2 years of record low home sales, things can really only get better right?  When we closed out 2024, there was a lot of optimism about the housing market heading into the new year, not just here but overall.  Inventory climbing, mortgage rates declining, price appreciation slowing to a normal rate and those 3 factors would bring about an increase in home sales and a more balanced real estate market.  But 2025 has brought a lot of uncertainty… a new administration, tariffs on, tariffs off, on again, off again, and the real estate market does not exist in a bubble.  On top of that, winter was extra cold with lots of snow and ice.  These conditions hold both buyers and homeowners back and delay the spring market.  

For Jan & Feb on average 1 home sold per day across the entire county.

🏘️Today there are 164 available homes on the market. The median list price is $664,500 with 26% of the available inventory over $1M and 60% of the available inventory bw 250K and 750K.  

🔮So this week, the market is finally starting to ramp up. There is still a lot of uncertainty in the air, but with rates at the lowest we have seen since December, buyers are definitely getting off the fence to take advantage. The question is will rates continue to fall or will they bounce around.

If you are ready to go I wouldn’t sit around and wait for lower rates.  As the spring market heats up, so does the competition which can drive prices up in a low inventory environment which we are still in. 

👋If you are thinking about making a move this year, it’s time to get organized.  Let’s set up a consultation and discuss your plans whether that is buying your first home, trading up or downsizing, or scooping up an investment property.  I’d love the opportunity to chat with you about your real estate plans.

*Data from CGNDMLS on 3/8/25

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