4th Quarter 2023 Absorption Rates

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Absorption Rates October 2023 COLUMBIA COUNTY NEW CONSTRUCTION MARKET DATA Year

Avg $/SqFt Units Closed

Avg Sales $

2017

$

101

954

$

273,500

2018

$

104

971

$

275,000

2019

$

108

827

$

285,200

2020

$

116

899

$

312,000

2021

$

134

856

$

368,400

2022

$

154

895

$

404,300

Price Range $100,001 to $150,000 $150,001 to $200,000 $200,001 to $250,000 $250,001 to $300,000 $300,001 to $350,000 $350,001 to $400,000 $400,001 to $450,000

Absorption Rates are a calculation used to determine how many months of inventory are currently available for sale. This helps evaluate the current market.

$450,001 to $500,000 $500,001 to $550,000 $550,001 to $600,000 $600,001 to $650,000 $650,001 to $700,000 $700,001 to $800,000 $800,001 to $900,000

All information obtained from the Realtors of Greater Augusta Multiple Listing Service (MLS). * As of October 13, 2023 Information is deemed to be accurate but not warranted.

$900,001 to $1,500,000 $1.5 mil to Up

Current Active

Sold in Sold No. Sold Last 12 Units Per Months Average Months Month Inventory $/Sq. Ft.

0 0

0

0.0

-

-

8

0.7

0.0

$172

18 13

25

2.1

8.6

$172

71

5.9

2.2

$171

35 50

112

9.3

3.8

$159

117

9.8

5.1

$152

25 14

113

9.4

2.7

$149

105

8.8

1.6

$155

25 27

52

4.3

5.8

$165

49

4.1

6.6

$165

4 3

20

1.7

2.4

$173

7

0.6

5.1

$187

1 4

14

1.2

0.9

$218

3

0.3

16.0

$235

0 3

3

0.3

0.0

$250

2

0.2

18.0

$253


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