Real Estate of Augusta Blog
The market is on fire! Anyone that has been keeping an eye on newly listed has seen how fast they are taken off the market. Home values are also at an all time high and there are no signs of this trend slowing down anytime in the near future.
Here are some numbers for perspective: last summer 2020, there were about 2200 active listings in the Augusta MLS. In January of this year 2021 there were just under 1000 Active listings. As of April 2021 there were only 600 Active listings in the Augusta MLS.
In less than a year we have seen the inventory of available homes drop by 75%!
This is having far reaching effects on the housing market in the Augusta and surrounding areas.
Such a shortage of supply means that there are more buyers than home. As a consequence agents, and home buyers have seen multiple offer situations become commonplace on any new home that hits the market pushing sales price even higher!
Multiple offers of 5, 10, 20+ have now become the standard for home buyers looking at homes in the most affordable price ranges, which are below $400k. The lower the price on the home, the more offers and the more fierce the competition has become.
Buyers are now starting to waive built in contract protections and contingencies just so they have a chance of being in the short list of top offers.
For guidance, advice, and any help when it comes to buying, selling or investing in real estate in the Augusta market, reach out to us today! 706-250-1399
Our team of full time agents, participate in this active market on a daily basis. We are licensed in both Georgia & South Carolina and the experience we bring to the table give you the best chances to achieve your goals in real estate.