Home sales in the Columbia area have been recovering from the recession steadily for about two years. But sales dipped slightly in November, possibly an after-effect from the partial government shutdown in October.
Sales slipped 1.5 percent in November in the Columbia area to 607 from 616, compared to November 2012, according to a report Monday from the SC Realtors trade group. Statewide, sales were mixed, increasing just .6 percent overall to 4,449, with 10 out of 16 regions posting declines.
The median price of homes that sold in November rose 16 percent in Columbia to $154,500. In South Carolina, the median price increased 5 percent to $157,900.
However, home sales are likely to finish strong in the Midlands and across the state. Sales are up 22 percent to 8,602 in the Columbia area through the first 11 months of the year, compared to the same period last year, and sales are up 18 percent to 58,326 statewide for the period.
Pending sales – on homes that have a contract but the sale has not closed – and new listings also are up significantly from last year. That’s a sign that the months ahead will be strong.