The Lexington area housing market experienced an overall increase in MSP (median sales price) from June 2014 to June 2015.
In Irmo the MSP from June 2014 to June 2015 increased by 5.3%. The MSP in June 2014 was $127,250 and by June 2015 it rose to $134,000. With the increase of MSP we also see an increase in closed sales by 14.2% over the same time period but the days on the market decreased by 4.8% to only 87 days.
Columbia Northeast experienced an increase in closed sales by 15.5% while the the MSP only increased by 0.6% at $160,000 in 2015.
In East Columbia MSP jumped from $219,150 in June 2014 to $232,500 in June 2014 which is a 6.1% increase. While new listings were down by 2.8% the Closed Sales was up by 6.7% from 134 to 143.
While the MSP in Columbia South increased by 16% from $150,000 to $175,000 the number of New Listings only increased by 0.5% but the Closed Sales increased by 13.4%.
With a 4.8% increase in MSP the Columbia Southeast market experienced an average of only 91 days on the market from the moment it was list to the time the sale closed.
Lexington and surrounding areas saw no change in the MSP but the closed sales went from 814 to 937, a 15.1% jump.
The Irmo and Chapin side of Lake Murray actualy saw a decrease in the MSP but had a 12.5% increase in Closed Sales with a 6.3% decrease in days on the market.
The Newberry side of Lake Murray had the largest percentage increase in Closed Sales with a whopping $130.8%. They also had an elevation in days on the market 150 days in 2015 over 81 days in 2014.
Lake Murray‘s Lexington side ran a close second to the Newberry side in percentage of Closed Sales with 126.3%. MSP decreased by 7.2% from $407,400 in June 2014 to $378,000 in June 2015.
If you are considering listing your home now is the time to do so. To get top dollar for your home contact EXIT Real Estate Consultants.