Augusta Real Estate Market Report for September, 2007

Lydia Taylor October 1st, 2007

Well another month down and fall is here. I’m really looking forward to pulling out some sweaters and jackets. Oh- and selling you a wonderful new home (Yay!)

If my own personal activity on behalf of clients -and this websites’ traffic- are any indication at all, we are in for a very productive fall. I’m not sure if it’s a fluke or not yet, but I saw a very large burst in inquiries this month that continued all through September.

Lets take a look at the beginning and ending numbers for residential inventory for September, shall we?

Residential Real Estate Listings for the Augusta GA real estate market

The first number is the # of unsold home listings as of today (11/1). The second # is the number of listings on 9/4. Percent change is the third number.

Richmond County: 1596, 1473, up 8%
Columbia County: 1249, 1184, up 5%

Aiken County: 518, 501, up 3%
Edgefield County: 66, 64, up 3%

Augusta, Georgia: 1242, 1151, up 7%
Evans, Georgia: 455, 451, up 1%

North Augusta, SC: 271, 279, down 3%
Aiken, SC: 131, 116, up 11%

In every area there is an increase in inventory except for North Augusta. It’s been a buyer’s market for about 6 months, and it seems to be continuing.

The market is still a little sluggish for sellers, so expect to have some holding costs. As a seller, you can expect 90 days or more before a sale.

The best plan for sellers is to find a listing agent that is willing to price your house correctly, has an amazing marketing plan, and will work with you on ’staging’ your home for a great impression. If they happen to have the best real estate website in Augusta, all the better!!

These numbers are for residential real estate (homes for sale). Listings obtained from NorthoftheSavannah.com’s feed from GAAR-MLS (The Greater Augusta Realtors-MLS). This data does not include commercial listings, lots and land, or multi-family housing.