Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable
By Craig Summerall
(Exit Real Estate Consultants)
Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable In the most recent Sunday edition of The State newspaper (January 25, 2009, section F) there was a huge article about the state of the housing market in Columbia, SC. The greater Columbia, SC area is made up of 5 general areas: Irmo, NE Richland, Lexington, Downtown, and Southeast. The strongest area of town was the downtown area where sales dropped 17% from 2007 but sales prices actually rose 5%. In Lexington sales were down about 26% from 2007 and prices remained somewhat stable dropping only 1%. The general consensus of most areas in the area is that while sales have slowed, which is no big surprise, values have remained stable, which has always been a hallmark of the region. Interest rates are great and t...
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