Here’s what’s been happening in the Augusta market over the summer.
Today I’ll update you on what’s happening in the Augusta real estate market. So much happened over the summer. We had a 17% increase in our sales price. It’s up to $270,587. Last month, we had almost 1,200 houses come on the market. A little more than that went pending, and about 890 houses closed. Inventory is still being outpaced by activity.
The list-to-sales price ratio for homes in Augusta is 100.01%. Expectations for pricing are outpacing reality. In the coming months, we’re going to have some disappointed sellers who can’t sell for 100% of the asking price.
We’re seeing more inventory coming on the market, and as we get further into fall, we’ll see activity slow down. If you’re considering selling, this is still prime time to do it. If you’re looking to buy a home, this is a good opportunity because rates are still very low. If you have any specific questions, feel free to reach out to me via phone or email. I can go in-depth with you individually on each neighborhood.