S.C., Columbia Home Sales Slide in July

August 25, 2008
By Kristy Eppley Rupon – The State

Home sales dipped in Columbia and throughout South Carolina in July as the traditional home-selling season ended.

The 927 homes and condos sold in the Columbia-area last month were 11.7 percent lower from a year earlier, according to information released today by the S.C. Realtors trade group.

But the area’s median price remained flat at $150,000.

Statewide, 4,582 homes and condos were sold in July, a 20 percent decline from last year.

Hilton Head was the only bright spot for South Carolina last month, with a 17 percent increase in sales.

The state saw a 7.5 percent slide in median home price to $155,200 in July.

Homes stayed on the market nearly two weeks longer than July last year, averaging 91 days last month.

And Realtors’ confidence is not getting stronger. Those polled by S.C. Realtors see the current market as fairly week and they think it will remain that way for the next six months.

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