The Long & Foster Market Minute

Focus On: Columbia Housing Market April 2023

Zip Code(s): 21044, 21045 and 21046
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -31%
Vs. Year Ago
Down -47%
Vs. Year Ago
Down -3%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 94 sold this month in Columbia Real Estate versus 98 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 31% versus April 2022.

Active Inventory
Versus last year, the total number of homes available this month is lower by 44 units or 47%. The total number of active inventory this April was 49 compared to 93 in April 2022. This month's total of 49 is lower than the previous month's total supply of available inventory of 99, a decrease of 51%.

Median Sale Price
Last April, the median sale price for Columbia Homes was $424,750. This April, the median sale price was $412,500, a decrease of 3% or $12,250 compared to last year. The current median sold price is 2% lower than in March.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -53%
Vs. Year Ago
Down -18%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Down -24%
Vs. Year Ago

Months of Supply
In April, there was 0.5 months of supply available in Columbia, compared to 0.7 in April 2022. That is a decrease of 24% 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 77 homes newly listed for sale in Columbia compared to 165 in April 2022, a decrease of 53%. There were 121 current contracts pending sale this April compared to 148 a year ago. The number of current contracts is 18% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Columbia was 103.1% of the average list price, which is 0.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 9, which is similar compared to a year ago.

The Long & Foster Market Minute 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.
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.