Columbia's real estate market is experiencing a price correction, with values down 25.0% from last year. Home prices have decreased 79.8% in the past month. With 3.0 months of supply, Columbia's inventory levels remain relatively tight. Homes are now taking an average of 205 days to sell, significantly longer than the 27 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Columbia market with the affordability index at 516.1. Based on current market indicators, home prices in Columbia are projected to increase by approximately 23.5% over the next month.
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