Home sales in Columbia remain steady….as usual! Sales actually rose 3 percent for August compared to last year during the same month. The only change is that homes stick around a bit longer before they get sold. The average DOM(days on market) was 78 days, up 8 days compared to last August. Price points also remain untouched. Everyone who is selling is not having to drop his asking price. The only folks in Columbia who are suffering are those selling in the ranges below $75,000 and above $500,000. First time buyers are having lending problems, hence the problems with the low range; the above $500,000 range is taking a beating because the markets in the rest of the country such as Florida and New York can’t sell their homes in order to buy in the Columbia area.  So, the middle of the road remains a healthy place to be!

Source: The State, Kristy Eppley Rupon