The median price of homes sold during August in South Carolina was $184,789, according to a monthly report from the S.C. Association of Realtors. That’s a 5.7% increase from August 2015.
The Hilton Head area reported the highest price at $301,670 last month, while Southern Midlands reported the lowest at $97,500, the report said.
A total of 7,408 homes, condos and villas sold in August across the state, which is a 9.3% increase from the same month in 2015. Those homes were on the market an average of 91 days before sale, the report said.
New listings were up 10.2% from August 2015 to 10,064 last month, while pending sales increased nearly 2% to 6,678 last month, according to the report.
Home inventory continues to be a problem, dropping 5.9% to 36,099 in August. That leaves a 5.6-month supply of inventory, which is a 9.7% drop from August 2015, the report said.
Residential real estate data for S.C. regions
|
|
Homes sold August 2015 |
Homes sold August 2016 |
% |
Median price August 2015 |
Median price August 2016 |
% |
|
Aiken |
186 |
162 |
-12.9% |
$146,750 |
$152,000 |
+3.6% |
|
Beaufort |
182 |
208 |
+14.3% |
$170,000 |
$199,750 |
+17.5% |
|
Charleston Trident |
1,398 |
1,735 |
+24.1% |
$216,750 |
$241,315 |
+11.3% |
|
Cherokee County |
43 |
41 |
-4.7% |
$87,900 |
$103,150 |
+17.3% |
|
Coastal Carolinas |
1,073 |
1,087 |
+1.3% |
$174,000 |
$170,000 |
-2.3% |
|
Greater Columbia |
1,082 |
1,188 |
+9.8% |
$155,000 |
$161,098 |
+3.9% |
|
Greater Greenville |
1,108 |
1,146 |
+3.4% |
$169,000 |
$185,000 |
+9.5% |
|
Greenwood |
93 |
73 |
-21.5% |
$127,500 |
$138,900 |
+8.9% |
|
Hilton Head Area |
377 |
382 |
+1.3% |
$284,000 |
$301,670 |
+6.2% |
|
North Augusta |
613 |
624 |
+1.8% |
$164,900 |
$165,000 |
+0.1% |
|
Pee Dee |
173 |
216 |
+24.9% |
$122,000 |
$128,950 |
+5.7% |
|
Piedmont Regional |
266 |
235 |
-11.7% |
$170,000 |
$174,500 |
+2.6% |
|
Southern Midlands |
26 |
21 |
-19.2% |
$114,250 |
$97,500 |
-14.7% |
|
Spartanburg |
373 |
432 |
+15.8% |
$137,250 |
$148,250 |
+8.0% |
|
Sumter/Clarendon County |
128 |
130 |
+1.6% |
$130,000 |
$150,995 |
+16.2% |
|
Western Upstate |
420 |
510 |
+21.4% |
$157,574 |
$167,000 |
+6.0% |
|
State totals |
6,781 |
7,408 |
+9.3% |
$174,900 |
$184,789 |
+5.7% |
Source: S.C. Association of Realtors