COLUMBIA HOUSING MARKET DATA

There was an increase in total units sold in February, with 61 sold this month in Columbia Real Estate versus 56 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 9% versus February 2024.

Versus last year, the total number of homes available this month is lower by 6 units or 7%. The total number of active inventory this February was 76 compared to 82 in February 2024. This month's total of 76 is higher than the previous month's total supply of available inventory of 75, an increase of 1%.

Last February, the median sale price for Columbia Homes was $476,000. This February, the median sale price was $433,000, a decrease of 9% or $43,000 compared to last year. The current median sold price is 6% lower than in January.

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

In February, there was 1.2 months of supply available in Columbia. The amount of supply is similar compared to 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 62 homes newly listed for sale in Columbia compared to 85 in February 2024, a decrease of 27%. There were 54 current contracts pending sale this February compared to 72 a year ago. The number of current contracts is 25% lower than last February.

In February, the average sale price in Columbia was 102.2% of the average list price, which is 0.6% higher than at this time last year.

This month, the average number of days on market was 17, lower than the average last year, which was 20, a decrease of 15%.





FOCUS ON: COLUMBIA HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 21044, 21045 and 21046
Units Sold 61	Active Inventory 76	Median Sale Price $433,000	Days On Market 17

Down -9% Vs. Year Ago	Down -7% Vs. Year Ago	Down -9% Vs. Year Ago	Down -15% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 61 sold this month in Columbia Real Estate versus 56 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 9% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 6 units or 7%. The total number of active inventory this February was 76 compared to 82 in February 2024. This month's total of 76 is higher than the previous month's total supply of available inventory of 75, an increase of 1%.
		Median Sale Price Last February, the median sale price for Columbia Homes was $476,000. This February, the median sale price was $433,000, a decrease of 9% or $43,000 compared to last year. The current median sold price is 6% lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 62	Current Contracts 54	Sold Vs. List Price 102.2%	Months of Supply 1.2

Down -27% Vs. Year Ago	Down -25% Vs. Year Ago	Up 0.6% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In February, there was 1.2 months of supply available in Columbia. The amount of supply is similar compared to 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 62 homes newly listed for sale in Columbia compared to 85 in February 2024, a decrease of 27%. There were 54 current contracts pending sale this February compared to 72 a year ago. The number of current contracts is 25% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Columbia was 102.2% of the average list price, which is 0.6% higher than at this time last year. Days on Market This month, the average number of days on market was 17, lower than the average last year, which was 20, a decrease of 15%.


	Columbia are defined as properties listed in zip code/s 21044, 21045 and 21046.
	*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.