SC Realtors Revises Columbia Market Data


Residential home sales in the Greater Columbia market were up 12.9% in November — not down by 70% as previously reported, according to statistics revised by SC Realtors.

The association reported Monday that it had uncovered “a serious error concerning the closed sales for the Greater Columbia market,” which were released in its monthly report last week and published Dec. 16 by the Columbia Regional Business Report. The revised report shows residential closings for Columbia totaled 491 units — not 123 — compared with 435 closings for November 2010. The result was an increase of 12.9% for the month of November compared with the same month in 2010, the association reported.

In year-to-date comparisons, residential sales for the first 11 months of 2011 were down 12.1% to 5,886 units compared to 6,693. The association previously reported sales for the 11-month period were down 17.6%.

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