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More than 4,600 S.C. home sales closed in January

Real Estate - Residential
Ashley Heffernan
  • Ashley Heffernan
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In January, 4,660 homes were sold in South Carolina, which is the highest number of statewide closed sales in a month since January 2006, according to a monthly report from the S.C. Association of Realtors. More than 1,000 of those homes were sold in the Charleston Trident area.

The 4,660 homes sold in January statewide was the highest monthly total since January 2006, according to a report from the S.C. Association of Realtors. (Photo/File)The number of new listings in the state rose 7.8% to 9,477 in January compared to January 2016, and the median price of homes sold last month increased 5.3% to $179,000, the report said.

The Hilton Head area reported the highest median price at $297,500, while Cherokee County saw the lowest at $66,200, according to the report.

Inventory of homes for sale declined 7.3% to 31,647 last month, leaving a 4.8-month supply of inventory, the report said.

Homes stayed on the market an average of 104 days across the state, which is down from 111 in January 2016. They sold the fastest in the Greater Greenville area, which recorded an average of 57 days on the market, and the slowest in Southern Midlands, which saw an average of 231 days, the report said.

Residential real estate data for S.C. regions

Location

Homes sold Jan. 2016

Homes sold Jan. 2017

Percent change

Median price Jan. 2016

Median price Jan. 2017

Percent change

Aiken

133

122

-8.3%

$153,500

$160,000

+4.2%

Beaufort

162

136

-16.0%

$167,500

$175,000

+4.5%

Charleston Trident

972

1,029

+5.9%

$217,500

$239,000

+9.9%

Cherokee County

35

33

-5.7%

$83,000

$66,200

-20.2%

Coastal Carolinas

713

763

+7.0%

$165,001

$172,900

+4.8%

Greater Columbia

691

739

+6.9%

$149,500

$151,475

+1.3%

Greater Greenville

672

707

+5.2%

$166,990

$172,500

+3.3%

Greenwood

56

59

+5.4%

$123,500

$115,500

-6.5%

Hilton Head Area

284

241

-15.1%

$300,650

$297,500

-1.0%

North Augusta

444

390

-12.2%

$153,750

$166,000

+8.0%

Pee Dee

122

151

+23.8%

$120,000

$135,000

+12.5%

Piedmont Regional

160

118

-26.3%

$149,000

$175,000

+17.4%

Southern Midlands

20

24

+20.0%

$70,500

$85,000

+20.6%

Spartanburg

255

263

+3.1%

$134,000

$139,425

+4.0%

Sumter/Clarendon County

81

82

+1.2%

$126,725

$123,500

-2.5%

Western Upstate

248

252

+1.6%

$135,000

$162,000

+20.0%

State totals

4,527

4,660

+2.9%

$170,000

$179,000

+5.3%

Source: S.C. Association of Realtors

 

Reach Ashley Heffernan at 843-849-3144.

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