JosephMichel

Blog

Market notes from Lexington, not a content mill.

This is Joe Michel's personal desk. The team Squarespace is for listings and team news. Lexington and Midlands notes live here: when to sell, how to buy, whether fall is a good time to buy in Lexington, whether Cayce, Irmo, Gilbert, or Blythewood is a fit, Chapin versus Lexington, which Columbia submarket is growing, and what a $408,000 Hope Ferry closing says about 2026 pricing.

October 13, 2026

Should I Buy a Home With an HOA in Lexington, SC in 2026?

Here's a real Midlands example. Earlier this fall, a renovated two-bedroom condo at The Village at Lake Murray was listed for sale at about $185,000 in the Consolidated MLS (CMLS), and the community's HOA fee is $387 a month. That fee covers a lot: the clubhouse, the pool, Spectrum TV and internet,…

October 12, 2026

How Did a Lexington, SC Home Go Under Contract in 1 Day After 38 Days on the Market in 2026?

In the 29072 ZIP code, the median home took 49 days to sell over the three months ending September 2026, nine days longer than a year ago, and 43.2% of homes had at least one price drop, according to Redfin. That's the market a Wise Ferry Plantation seller was living in this summer. Their home at 237 River…

October 11, 2026

Is Red Bank, SC a Good Place to Buy a Home in 2026?

Homes in the 29073 ZIP code, which covers Red Bank and the south side of Lexington, sold for a median of $279,900 over the three months ending August 2026, according to Redfin. That's up 4.2% from a year ago, and it's about $34,000 under the $314,000 year-to-date median for the broader Lexington area in…

October 7, 2026

What Mistakes Do First-Time Home Buyers Make in Lexington, SC in 2026?

A Lexington home at Redfin's three-month median price of $336,028, bought with 5% down at Freddie Mac's 7.28% 30-year average from October 1, runs about $2,184 a month in principal and interest alone. A year ago, at 6.34%, the same loan would have been about $1,984. That $200-a-month gap is why first-time…

October 5, 2026

Is Ballentine, SC a Good Place to Buy a Home in 2026?

Redfin’s three-month ZIP 29212 print ending August 2026 lands at a median sale of $264,885 — down about 9.1% year over year — with 131 August closings, up about 18% from last August. Homes on that read are clearing near 98.4% of list, while about 36.8% of listings still took a price cut. That mix is the…

October 4, 2026

Can I Ask for Closing Cost Credits When Buying in Lexington, SC in 2026?

Resideline’s Lexington Market Watch (updated Oct 3, 2026) puts the median listed-to-under-contract clock at 22 days across 148 tracked closings — while Redfin’s city read still shows about 35.9% of homes taking a price drop and a Compete Score of 60 (“somewhat competitive”). That mix is why closing-cost…

October 3, 2026

How Much Home Inventory Do Lexington, SC Buyers Have in October 2026?

Hubrec’s latest CMLS Lexington Area 11 update still shows 517 homes available — up 32.9% from a year earlier — while Realtor.com’s September 2026 Lexington read lists about 1,083 active listings and Redfin scores the city a Compete Score of 60 (“somewhat competitive”). That is the October 2026 Midlands…

October 1, 2026

What Can Lexington Sellers Learn From a $838,500 Closing in 2026?

100 Birch Terrace Court in Kenwood closed at $838,500 on July 1, 2026 after The Patrick O’Connor Team listed it at $875,000 on April 16. The sellers had originally paid $417,500 — and with a serious pool upgrade plus interior work, they walked out near double that purchase price. That is not a starter-ranch…

September 30, 2026

Is Blythewood, SC a Good Place to Buy a Home in 2026?

Redfin’s three-month Blythewood print ending August 2026 lands at a median sale of $437,710 — essentially flat year over year — with 41 August closings, up about 37% from last August. Homes on that read are clearing near 99.5% of list, while about 45.3% of listings still took a price cut. That mix is the honest…

September 29, 2026

What Contingencies Should I Keep When Buying in Lexington, SC in 2026?

CMLS Area 11 via Hubrec still shows 517 homes available in Lexington through August 2026 — up about 33% year over year — while Redfin’s three-month city read ends August with a median sale of $336,028 and a sale-to-list ratio near 98.6%. That mix is why contingency strategy matters again. You are not in a 2021…

September 28, 2026

Why Do Lexington City and Lexington County Home Prices Differ in 2026?

Lexington County’s August 2026 CMLS print put the single-family median sold price at $310,000 across 345 closings. Redfin’s three-month City of Lexington read for the same late-summer window printed about $336,028. That is roughly a $26,000 gap at the median — same word “Lexington,” two different maps — and it is…

September 27, 2026

Is Winter a Good Time to Buy a Home in Lexington, SC in 2026?

Lexington’s August 2026 CMLS update printed 517 homes available — up about 33% year over year — with a year-to-date median near $314,000, sellers still clearing about 98.9% of list, and a typical marketing window around 45 days. That is the real backdrop for the question I hear as soon as football season ends and…

September 26, 2026

What Can Lexington Sellers Learn From a $630,000 Closing in 2026?

410 Montrose Drive in Vintners Wood closed at $630,000 after The Patrick O’Connor Team took it under contract in April 2026 — a multiple-offer result that stands as the team’s second price record in that neighborhood. That is not a starter-ranch story and it is not a lakefront story. It is a top-of-subdivision…

September 25, 2026

Is Gilbert, SC a Good Place to Buy a Home in 2026?

Realtor.com’s September 2026 Gilbert snapshot puts the median listing price at $370,000 — up about 9.2% year over year — with a median sold print near $369,500, about 197 homes for sale, and a typical 45 days on market. Homes on that print are clearing around 99% of list. That is the honest starting point for…

September 24, 2026

How Do I Handle an Appraisal Gap When Buying in Lexington, SC in 2026?

Lexington homes still close near 98.6% of list while about 14.8% sell above ask — exactly where appraisal gaps show up. Here is Joe Michel’s 2026 buyer playbook for low appraisals in the SC Midlands.

September 23, 2026

Are Lexington, SC Buyers Getting More Negotiating Power in Fall 2026?

Redfin’s three-month Lexington city read ending August 2026 shows about 35.9% of homes carrying a price drop — while Hubrec’s CMLS Area 11 print still puts 517 homes on the market, up roughly 33% from a year earlier. That pairing is the real fall story: more choices for shoppers, more pressure on over-asks, and…

September 21, 2026

What Can Chapin Sellers Learn From a $1.3 Million Closing in 2026?

1664 Wonder Drive in Chapin closed at $1,300,000 — a 2023 custom on 1.25 acres across from Lake Murray, not a dock sale. What Chapin sellers in the seven-figure band can learn from that public closing.

September 21, 2026

Is Seven Oaks, SC a Good Place to Buy a Home in 2026?

Seven Oaks’ September 2026 listing median sat at $260,000 with a median sold print nearer $230,000, about 67 homes for sale, and a 53-day market. Harbison-adjacent living without Chapin money or a Lake Murray dock premium.

September 19, 2026

How Do I Price My Home to Sell in Lexington, SC in 2026?

Redfin’s City of Lexington three-month median sat at $340,815 with homes selling for about 98.5% of list in around 28 days. Here is how Joe Michel prices a Midlands listing for week-one activity in 2026.

September 16, 2026

What Can Lexington Sellers Learn From a $255,000 Closing in 2026?

321 Drooping Leaf Road in Persimmon Grove closed Aug 3, 2026 for $255,000 after listing at $248,500 (~102.6% of list, zero cuts, 47 days). What Lexington sellers in the everyday band can learn from that public closing.

September 15, 2026

Is Cayce, SC a Good Place to Buy a Home in 2026?

Cayce’s August 2026 listing median in ZIP 29033 sat at $249,450 — down 19% from $307,900 a year earlier — with about 49 active listings and homes averaging 57 days on market. Sold-side and value indexes sit near the low-$210Ks.

September 8, 2026

Is Fall a Good Time to Buy a Home in Lexington, SC in 2026?

Redfin’s city read for Lexington shows a July 2026 median sale price of $329,835 — down 8.7% from the same stretch last year — with 145 homes sold that month (+19.1%) and a median of 28 days on market. Sale-to-list sat at 98.5%, and about 31.7% of listings carried a price drop.

September 6, 2026

Is Irmo, SC a Good Place to Buy a Home in 2026?

Irmo closed 151 homes in July 2026 — up 21.8% from July 2025 — and sellers still collected about 98.1% of list price. Year to date through July, the Irmo / St. Andrews / Ballentine CMLS pocket has 816 closings (+8.2%) at a flat $255,000 median.

September 3, 2026

Columbia SC Housing Market 2026: Which Midlands Submarket Is Growing Fastest?

Greater Columbia closed 8,371 homes in the first seven months of 2026. That is 293 more closings than the same stretch of 2025, a +3.6% year-to-date gain, at a median sales price of $283,290 (up 1.5%).

September 2, 2026

Should I Buy in Chapin or Lexington, SC in 2026?

Chapin YTD median $413K vs Lexington $312.5K through July 2026 (CMLS via Hubrec). Inventory, days on market, and which town fits which buyer — plus why Lake Murray waterfront is a third market.

September 1, 2026

What Can Lexington Sellers Learn From a $408,000 Closing in 2026?

812 Beech Leaf Court in Hope Ferry Plantation closed Aug 5, 2026 for $408,000 after listing at $425,000 (96% sale-to-list). What Lexington sellers can learn from that public closing.

August 12, 2026

Is Now a Good Time to Sell a Home in Lexington, SC in 2026?

July 2026 CMLS Area 11 closed 184 homes at a $331,060 median — up 6.5% — in 30 days, at 98.7% of list. Inventory is up 21.2%. Here is what that means if you are selling in Lexington.

August 30, 2026

How Do I Buy a Home in Lexington, SC in 2026?

Lexington-area buyers in July 2026 were shopping a $331,060 median with 491 homes on the market. Listings still closed in 30 days at 98.7% of list. Here is the process Joe Michel actually uses.

Lexington · Lake Murray · Midlands

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