COLUMBIA, S.C. – January 17, 2011 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its December 2010 Market Reports. The data reveals Median Sales Price of single-family homes across the state increased by 1.6 percent during the year to arrive at $157,000. Condo prices decreased by 4.8 percent to end the year at $126,000. Homes sales responded to these price changes as you might expect. Single-family home sales were down by 3.5 percent during the year, while condo sales were up by 3.4 percent.
Looking at sales by price range, the $100,000 and under bracket had the strongest year-over-year change, up by 6.5 percent, driven mostly by an increase in condo sales. The $100,001 to $150,000 range had the weakest showing, and was down by 11.3 percent. At the end of 2010, inventory of single-family homes was at 37,202 properties, an increase of 3.2 percent from last year, while there were 11.9 percent fewer condo units than last year, with 10,348 available. Months Supply of Inventory was down for nearly all segments, except for single-family homes with 3 bedrooms which pushed the overall metric for supply up over last year. Interestingly, that was also the segment with the smallest supply at 12.6 months. Larger condos with 4 bedrooms or more had the highest supply at 19.6 months, down 17.5 percent from a year ago.
December 2010 Statewide reports are attached. Please contact local boards for data by area. Click here for archived reports.
Questions about the data? Contact Nick Kremydas at 803.772.5206
South Carolina REALTORS® (SCR) is the largest professional trade association in the state, serving as the voice of real estate for more than 15,000 members involved in all aspects of the residential and commercial real estate industries. REALTOR® is a registered trademark that identifies a professional in real estate who subscribes to a strict code of ethics as a member of SCR and the National Association of REALTORS®.