Columbia area housing market warm in January

The Columbia housing market is starting the year 2017 with a jump, according to statistics from the S.C. Realtors.

(Labeled for Reuse Photo.)

Data released Tuesday showed an almost 7 percent increase in the number of homes sold in the Greater Columbia area. in January, compared to January 2016.

There were 739 homes sold in the first month of this year. Last January, 691 homes sold.

Sales increased even more substantially in the fourth quarter of 2017, compared to 2016.

In the fourth quarter, 2,786 homes sold. In 2015, 2,377 homes sold. That is a 17.2 percent increase.

Statewide, January homes sales were not as brisk as Columbia’s, but there was an increase of 3 percent in January compared to January 2016.

In addition to more sales, home prices are up, too. The media price for a home in the Greater Columbia area for January was $151,500. That’s up 1.3 percent from January 2016’s median price of $149,475.

Statewide, the median price of a home in January was $179,000, compared to $170,000 in January 2016.

Houses are selling faster too. The average days on the market in the Greater Columbia area in January was 89, compared to 92 days on the market before a contract was offered in January 2016.

The state average of days on the market before a sale was made or a contract was offered was 104 in January, compared to 111 days in January 2016.