I’ve just calculated the absorption rates for July. According to the Greater Augusta Association of Realtors MLS, there are currently:
- 1622 active single family homes in Columbia County (Martinez, Evans, Grovetown, Harlem, Appling
- 635 active single family homes in Aiken County (North Augusta, Aiken and Edgefield)
- 1570 active single family homes in Richmond County (Augusta and Hephzibah)
In July, 222 single family homes sold in Columbia County giving us a 7.3 month supply, 74 single family homes sold in Aiken County giving us a 8.6 month supply, and 174 single family homes sold in Richmond County giving us a 9.0 month supply of homes.
Remember that, on average, a 6 month supply of homes is considered a Balanced Market, less than 6 months is considered a Sellers Market, and greater than 6 months is considered a Buyers Market.