The Long & Foster Market Minute

Focus On: Columbia and Clarksville Housing Market May 2022

Zip Code(s): 21044, 21045, 21046 and 21029
Units Sold
158
Active Inventory
65
Median Sale Price
$467,500
Days On Market
8
Down -1%
Vs. Year Ago
Down -34%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -11%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 158 sold this month in Columbia and Clarksville Real Estate versus 146 last month, an increase of 8%. This month's total units sold was lower than at this time last year, a decrease of 1% versus May 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 33 units or 34%. The total number of active inventory this May was 65 compared to 98 in May 2021. This month's total of 65 is lower than the previous month's total supply of available inventory of 95, a decrease of 32%.

Median Sale Price
Last May, the median sale price for Columbia and Clarksville Homes was $425,000. This May, the median sale price was $467,500, an increase of 10% or $42,500 compared to last year. The current median sold price is 9% higher than in April.

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


New Listings
175
Current Contracts
192
Sold Vs. List Price
105.6%
Months of Supply
0.4
Down -24%
Vs. Year Ago
Down -15%
Vs. Year Ago
Up 2.7%
Vs. Year Ago
Down -34%
Vs. Year Ago

Months of Supply
In May, there was 0.4 months of supply available in Columbia and Clarksville, compared to 0.6 in May 2021. That is a decrease of 33% 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 175 homes newly listed for sale in Columbia and Clarksville compared to 230 in May 2021, a decrease of 24%. There were 192 current contracts pending sale this May compared to 226 a year ago. The number of current contracts is 15% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Columbia and Clarksville was 105.6% of the average list price, which is 2.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 8, lower than the average last year, which was 9, a decrease of 11%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.