Barbara ~

Hi. The best way to answer your question~ there are local markets; and, then there are markets within those markets (i.e. Columia or Lexington being the Macro Market and then the neighborhoods within those areas are the Micro Market). You would really need a Market Analysis for the individual property to determine correct pricing and absorption rates for a particular price range.

Please feel free to contact me to discuss further.

Ginger Carnes, REALTOR(R)
ALHS, ASR, CSP, Corporate Relocation
Russell & Jeffcoat
803-261-7899
gcarnes@russellandjeffcoat.com

Barbara,

I have kind of a loaded answer to that question!

I have had listings go under contract in 7 days in this market when they are priced right, in great condition, and staged properly.

Areas of Columbia with an over abundance of homes on the market sell much slower and at a lower price than areas in high demand that have few new listings.

The price range you are asking about is really hot right now, since this is where most first time home buyers are getting into the market.

So, the "average days on the market" for any area is just that...the average of the fastest sales and the lingering slow sales, which really doesn't tell you much. If you want info on a specific area, I can look through and let you know the time frame based on homes in good condition, priced right, etc.

Hope that helps!

Page Latham, Realtor
Russell and Jeffcoat Realtors, Inc.