Home sales continued to drop in South Carolina, falling for the seventh straight month in December, while the overall median home price eked out growth, according to statistics provided by the South Carolina Association of Realtors.

According to SCAR statistics, there were 5,065 home sales in December, down 12.4 percent from a year ago when 5,780 sales were recorded. Sales encompass single-family homes, condos and villas. Sales for all of 2006 were down 5.4 percent from 2005 to 68,900.

Among the state’s larger markets, the Charleston Trident region saw a 31 percent decline in sales for the month from its year-earlier level, followed by the Coastal Carolinas region — which includes Myrtle Beach, N. Myrtle Beach, Conway and Georgetown — where sales tumbled 21.7 percent during the period.

The overall median price for single-family, condo and villa homes in December was $157,900, up 5.5 percent from $149,700 in December 2005.

The most dramatic rise in median price statewide occurred in the Coastal Carolinas area where the median gained from $176,000 in December 2005 to $220,000 in December 2006 — a 25 percent increase.

In the Charleston area, the median home price edged up 3.6 percent in December to $200,000.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription