Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable

In the most recent Sunday edition of The State newspaper (January 25, 2009, section F) there was a huge article about the state of the housing market in Columbia, SC. The greater Columbia, SC area is made up of 5 general areas: Irmo, NE Richland, Lexington, Downtown, and Southeast. The strongest area of town was the downtown area where sales dropped 17% from 2007 but sales prices actually rose 5%. In Lexington sales were down about 26% from 2007 and prices remained somewhat stable dropping only 1%. The general consensus of most areas in the area is that while sales have slowed, which is no big surprise, values have remained stable, which has always been a hallmark of the region. Interest rates are great and there are some great deals out there right now.

Lexington SC Home Sales Statstics

Sales in the 29072 zip code for Lexington have obviously picked up ! The market activity is getting much better and with the current interest rate environment, now is a great time to buy. For sellers this is very encouraging news as the market appears to picking up.

1-16-2009 though 1-22-2009

Weekly Real Estate Statistics for Lexington, Columbia, and surounding SC communities are available at this link: Jan 22nd Statistics

Web Link: Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable

Lexington SC Real Estate, Columbia SC
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