Business

November 15, 2013

Home sales rise moderately in Columbia, SC amid government shutdown

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.

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.

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