As a follow up to the Augusta June Market Statistics Report, I wanted to take a look at the absorption rates. Again, I’m breaking these down by county – Aiken, Columbia and Richmond.
Aiken County – currently has 629 homes for sale, 49 homes sold in June, giving us an absorption rate for Aiken County of 12.8 months of inventory.
Columbia County – currently has 1615 homes for sale, 233 homes sold in June, giving us an absorption rate for Columbia County of 6.9 months of inventory.
Richmond County – currently has 1545 homes for sale, 150 homes sold in June, giving us an absorption rate for Richmond County of 10.3 months of inventory.
Based on these numbers, is Columbia County nearing a Balanced Market while Aiken and Richmond Counties remain in a Buyers Market? It certainly appears so. Stay tuned next month to see!