Industry News

South Carolina home sales fall

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Home sales in South Carolina slipped 1.1 percent in June from their year-ago level, while the median home price posted impressive growth, the South Carolina Association of Realtors reported. Realtors recorded 7,231 sales last month, down from 7,311 for June 2005. A total of 35,291 homes were sold in the first half of 2006, up 1.9 percent from the 34,624 homes sold during the same period last year. The overall median price for single-family, condo and villa home types was $170,000 in June, up 12.5 percent from a year earlier when the median was $151,000. Among the areas reporting the largest declines in sales compared to a year ago were: Coastal Carolinas (Myrtle Beach, N. Myrtle Beach, Conway and Georgetown), down 33.3 percent; Hilton Head area, down 33 percent; and Beaufort, down 27.1 percent....