Industry News

South Carolina real estate blooms

Sales, price gains return to more normal pace

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Home sales in South Carolina climbed approximately 7.2 percent in February from a year ago, the South Carolina Association of Realtors reported. Realtors recorded 4,694 sales for February, up from 4,380 in February 2005. A total of 8,967 homes were sold in South Carolina during January and February, up nearly 6.1 percent from the 8,453 homes sold during the same period last year. The median price of homes sold in South Carolina rose nearly 9 percent for the month to $148,000, and has increased by 12.3 percent year-to-date compared to the same period last year. Aiken saw the biggest increase in sales for the month (up 103 percent) and Cherokee County saw the next-largest increase (up 82 percent). Other areas that saw significant increases were Sumter/Clarendon County and Greater Greenville, up by 66 percent and 22 percent, respectively. The South Carolina Association of Realtors is one of the largest professional trade associations in the state, representing more than 15,500 members....