South Carolina yearly closed sales up almost 15% over 2020
COLUMBIA, S.C. (October 19, 2021) — South Carolina REALTORS® (SCR) today released its monthly statewide real estate market reports. While 9,323 homes sold across South Carolina throughout September, representing 5% fewer homes than the same time last year, the year to date statistics show South Carolina yearly closed sales up almost 15% over 2020.
Prices moved higher as the median sales price was up 11.5% to $282,000. This time last year the median sales price was $253,000.
“Sales throughout South Carolina continue to be above the national average, even with a slight cooling of the market this past month. Affordability due to higher sales prices continues to be an issue for some buyers, however year over year the market is still strong,” said Morris Lyles, SCR 2021 president and Realtor® at ERA Wilder in Columbia.
New Listings throughout South Carolina were down 1.4% to 10,407 compared to this time last year while pending sales decreased 13.1% to 8,525. Inventory shrank 31% to 13,305 units.
Days on Market decreased 47% to 38 days and inventory was down 39% to 1.4 months.
The South Carolina coastal areas which were leading the state in sales over the past year have started to slightly decline, while the Greater Columbia area has seen an increase of 11% in sales.
Up-to-date and archived reports are available at screaltors.org/marketreports.
South Carolina REALTORS® (SCR), the largest professional trade association in the state, serves as the voice of real estate for more than 27,000 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®.