Here’s what you need to know about the future of Augusta’s housing market.
The best way to predict the first quarter of 2022 is to look back at the end of 2021. That’s why today I want to share the numbers from December 2021.
We all know the average sales price in Augusta has been increasing for some time, but last December, it hit a new high of $279,796. Meanwhile, the median sales price was $249,973. As far as activity goes, we had 907 pending sales and 724 active new listings. We currently have very low inventory, and that’s driving up the average list-to-sales price ratio, which was 99.2%. My clients received an average list-to-sales price of around 103%, so there’s still room to get a fantastic deal in this market.
Augusta has always had a very high listed to sales price. Fortunately, Augusta has a broad economy, and our market has never been flooded with too much inventory. These factors mean that our market will likely remain strong throughout 2022.
If you would like any specific information about Augusta’s real estate market, please call or email me. I’d love to hear from you!