What Do the Stats Say About Our Augusta Market?

You have to see our latest Augusta market numbers to believe them.

I almost feel like I need to put on my glasses to read the latest real estate figures from our Augusta market. In my 36 years of selling homes, I’ve never seen anything like it. 

As we ended September, our average sales price stood at $241,632. While that does constitute a 17% increase year over year, our homes are still very affordable compared to the rest of the world. There were 808 closed sales and 880 new listings, but the slightly troubling stat is the 1,028 pending sales, which was a 40.6% increase compared to September 2019. 

“We expect continued growth, but we’ll eventually see the effects of a slowdown.”

The only thing we’re missing in Augusta is homes to sell. Since prices continue to rise, it’s a great time to put your home on the market. You may have received a letter from me a few weeks ago discussing the national market and putting things into perspective for what to expect from our Augusta market, but to reiterate: We expect continued growth, but we’ll eventually see the effects of a slowdown. 

We’re very optimistic about what’s happening now, though, and I want you to be prepared. In all my years in the business, I’ve seen many ups and downs—I was there in 2005 and 2007—and I can tell you that now is an excellent time to consider downsizing. 

If you’d like to take advantage of this market and list your home or have any real estate questions at all, don’t hesitate to reach out to me. I’d love to speak with you.