• Pending sales in the Columbia area still are ahead 10.7 percent over 2013 sales through October. Those are deals in which contracts have been signed but the sale has not yet been completed. A rise in pending sales could be a good sign for the coming months as those deals close.
• Housing stock in the Columbia market fell 18.7 percent to a 7.4 months’ supply of inventory, nearing a normal market’s inventory supply of about six months.
• The median price of homes that sold increased 2.2 percent in October to $145,129 from the same month a year ago.
Columbia
CLOSED SALES
October 2013: 743 houses
October 2014: 433
Change: -41.7%
NEW LISTINGS
October 2013: 1,381 houses
October 2014: 803
Change: -41.9%
MONTHS’ SUPPLY OF INVENTORY
October 2013: 9.1 months
October 2014: 7.4
Change: -18.7%
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