Blog
Augusta Real Estate Market Holds Strong in December, Prices Nearly Unchanged
Housing numbers for December 2022 are in, and it is mostly good news for the Augusta, Columbia County, Fort Gordon and North Augusta area real estate market. The number of homes sold through the Greater Augusta Association of REALTORS MLS increased from 577 homes in November to 634 in December – an 18 percent jump.... Read More
Augusta Home Prices Fall, Inventory Increases in November
I just finished my monthly number crunching for the Augusta real estate market for November, and there is no denying that home prices are dropping. Here are some of my key takeaways from the November stats: – The average home price market wide was down 0.86 percent in November compared to October. That’s an annualized... Read More
Augusta Housing Inventory Surpasses 2 months, Prices Still Holding Strong in October
The Augusta area real estate market is not as wild and crazy as it was in the spring; however, it is still a long way from a bargain hunter’s paradise either. Sales data in October showed several notable trends compared to October 2021. For one, the number of homes sold in October of this year... Read More
Augusta Home Prices Dip Slightly in September
As I do at the beginning of each month, I calculated all of the vital real estate market stats for the Augusta real estate market to see how home prices and inventory are tracking for the most recent quarter compared to the quarter ending the previous month. This is a rather unconventional way of tracking... Read More
Augusta Home Prices, Inventory Up In Second Quarter 2022
There has been a lot, and I mean A LOT, of talk on the national and local stage about the housing market shifting or possibly even being on the verge of a crash, but the latest real estate stats for the Augusta metropolitan area housing market for the second quarter of 2022 simply do not... Read More
Augusta Area Home Continue Rapid Climb in 2022
Augusta home prices continued their rapid climb with a nearly 6 percent jump in the past 3 months (March-May 2022) compared to the previous three month period/quarter (December 2021-February 2022). If prices were to continue rising at that rate for the upcoming year, that would equate to a nearly 24 percent year over year increase... Read More
Augusta Area home prices are higher than ever but remain affordable according to Atlanta Federal Reserve data
CSRA home prices are higher than ever and seemingly rising more and more each day, but homes around the Augusta, Columbia County and Aiken County area remain affordable, according to a new report from the Federal Reserve Bank. The Atlanta Fed created an interactive home affordability tool, HOAM (or Home Ownership Affordability Monitor), which measures the... Read More
Is Masters Week the Time to Score a Hole in One on a Home?
By any definition, the Augusta housing market has been more competitive than those Sunday showdowns between Tiger Woods and Phil Mickelson back in their glory days, but Masters Week could provide a small window of opportunity for home buyers to score a hole in one in this insane market. Read on to find out why.... Read More
Housing Shrinkflation May Be Coming to a Neighborhood Near You
We are all familiar with inflation, but have you heard of its equally annoying sibling called shrinkflation? Shrinkflation happens when companies avoid raising prices by simply giving you less for the same price. A good example may be found on the cereal aisle at the grocery store, where the price of a box of cereal... Read More
Augusta Home Prices Skyrocket in December 2021
If you read last week’s blog, the caption for this article may have you scratching your head, because I discussed how home prices in the Augusta area had FALLEN for the second consecutive quarter. So, how can it be that the average home price for December 2021 INCREASED sharply by 33.5% compared to December 2020... Read More