Columbia and Clarksville Housing Market Data

There was an increase in total units sold in August, with 116 sold this month in Columbia and Clarksville Real Estate versus 100 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 25% versus August 2022.

Versus last year, the total number of homes available this month is lower by 43 units or 36%. The total number of active inventory this August was 75 compared to 118 in August 2022. This month's total of 75 is lower than the previous month's total supply of available inventory of 90, a decrease of 17%.

Last August, the median sale price for Columbia and Clarksville Homes was $475,000. This August, the median sale price was $482,000, an increase of 1% or $7,000 compared to last year. The current median sold price is 1% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 0.6 months of supply available in Columbia and Clarksville, compared to 0.8 in August 2022. That is a decrease of 15% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 98 homes newly listed for sale in Columbia and Clarksville compared to 185 in August 2022, a decrease of 47%. There were 101 current contracts pending sale this August compared to 160 a year ago. The number of current contracts is 37% lower than last August.

In August, the average sale price in Columbia and Clarksville was 103.2% of the average list price, which is 1.3% higher than at this time last year.

This month, the average number of days on market was 12, lower than the average last year, which was 14, a decrease of 14%.





Focus On: Columbia and Clarksville Housing Market			August 2023

Zip Code(s): 21044, 21045, 21046 and 21029
Units Sold 116	Active Inventory 75	Median Sale Price $482,000	Days On Market 12

Down -25% Vs. Year Ago	Down -36% Vs. Year Ago	Up 1% Vs. Year Ago	Down -14% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 116 sold this month in Columbia and Clarksville Real Estate versus 100 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 25% versus August 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 43 units or 36%. The total number of active inventory this August was 75 compared to 118 in August 2022. This month's total of 75 is lower than the previous month's total supply of available inventory of 90, a decrease of 17%.
		Median Sale Price Last August, the median sale price for Columbia and Clarksville Homes was $475,000. This August, the median sale price was $482,000, an increase of 1% or $7,000 compared to last year. The current median sold price is 1% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 98	Current Contracts 101	Sold Vs. List Price 103.2%	Months of Supply 0.6

Down -47% Vs. Year Ago	Down -37% Vs. Year Ago	Up 1.3% Vs. Year Ago	Down -14% Vs. Year Ago


		Months of Supply In August, there was 0.6 months of supply available in Columbia and Clarksville, compared to 0.8 in August 2022. That is a decrease of 15% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 98 homes newly listed for sale in Columbia and Clarksville compared to 185 in August 2022, a decrease of 47%. There were 101 current contracts pending sale this August compared to 160 a year ago. The number of current contracts is 37% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Columbia and Clarksville was 103.2% of the average list price, which is 1.3% higher than at this time last year. Days on Market This month, the average number of days on market was 12, lower than the average last year, which was 14, a decrease of 14%.


	Columbia and Clarksville are defined as properties listed in zip code/s 21044, 21045, 21046 and 21029.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.