Mar
18

Median Home Price Up 5.1% in S.C.

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The median sales price of residential homes, condos and villas in South Carolina climbed 5.1% in February compared with the same month a year ago, according to the S.C. Realtors Association’s statewide market report.

Meanwhile, new listings slipped 5.1% to 8,943, when pending sales dropped 6% to 4,497, and inventory levels fell 4.1% to 44,472 units. The low inventory levels are resulting in a lot of new construction, the association said.

The median price of a home sold in February hit $152,931, with the price range that tended to sell most quickly falling between $200,001 and $300,000. Homes in that price range were on the market an average of 111 days.

The property type with the largest price increase was the condo segment, which saw prices climb 8.2% to $125,513.

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    Categories : South Carolina News

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