Dec
08

SC Ranks 6th in Home Price Index

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Based on 2008 Q3 data from the Office of Federal Housing Enterprise Oversight (OFHEO) South Carolina ranks 6th national in the house price index; up three from a 9th place ranking based on Q2 data. In Q3 South Carolina house prices dropped 0.45%.

Compared to 1 year prior South Carolina house prices are up 2.42%, trailing behind 5th ranked Oklahoma, 4th ranked Alabama, 3rd ranked Texas, 2nd ranked South Dakota and 1st ranked North Dakota. Rhode Island, Arizona, Florida, California and Nevada rest at the end of list in 47th through 51st place respectively.

From a more localized perspective, South Carolina metropolitan areas rank accordingly as compared to 292 metropolitan areas nationwide:

Greenville – 9th
Spartanburg – 11th
Florence – 16th
Columbia – 24th
Anderson – 39th
Charleston – 65th
Myrtle Beach – 199th

OFHEO ranks each state and MSA quarterly based on historical data from 1 quarter, 1 year, 5 year and since 1980 change in house prices.

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