Home sales rise moderately in Columbia, SC amid government shutdown

11/15/2013 2:11 PM

11/15/2013 2:12 PM

Home sales rose moderately in Columbia and throughout much of South Carolina in October amid a two-week government shutdown that stalled activity, according to a new report Friday.

Sales increased 5.2 percent in South Carolina to 5,040 statewide and 6.3 percent to 730 in the Columbia area, the report from the S.C. Realtors trade group said. Sales have been increasing in the double-digits most of the year. However, the federal government shutdown that lasted more than the first half of the month held up some sales as agencies such as the Federal Housing Administration, which backs home loans, sent workers home.

Seven out of 16 regions in South Carolina saw a decrease in sales in October.

The median price for sales also was a mixed bag. Overall, median price rose 3.3 percent statewide to $154,900 and 3.7 percent in Columbia to $144,000. But half of the state’s 16 regions saw declines in median price.

Editor's Choice Videos

Join the Discussion

The State is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service