CSRA Housing Inventory Has Reached a Five-Year High

The number of homes available for sale across the CSRA is now higher than it has been at any point during the past five years.

Several factors are contributing to this shift:

• Mortgage rates remain higher than many buyers expected.
• Economic uncertainty is causing some households to delay major decisions.
• Many homeowners are hesitant to sell because they do not want to give up the low mortgage rate on their current home.

Buyer activity has not kept pace with the number of homes coming onto the market, which has caused inventory to grow.

What buyers should know

More inventory means more choices and more opportunities to compare homes, features, condition, and price.

However, well-priced homes in move-in-ready condition are still selling quickly. Buyers should be financially prepared and ready to act when the right property becomes available.

What sellers should know

More choices create more competition.

Cleanliness, maintenance, presentation, and accurate pricing are essential. Buyers are comparing homes carefully, and properties that are not prepared or priced correctly may be overlooked.

The good news is that homes offering strong value and move-in-ready condition can still attract attention and sell quickly.

Available homes under $300,000

Columbia County: 233 homes
⬆️ Increase of 6 from last week

Richmond County: 554 homes
⬆️ Increase of 16 from last week

Farmers markets are in full swing throughout Augusta and Evans, offering fresh produce and locally made goods.

For an indoor Sunday activity, National Treasure is playing free at the Miller Theater, thanks to Queensborough National Bank and Trust. Tickets are available through the Miller Theater website.

“The only person who can stop you from reaching your goals is you.” --  Jackie Joyner-Kersee

Real estate decisions should begin with accurate information and a practical plan. Contact me for a data-driven review of your buying or selling options in the CSRA.

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