S.C. home sales continue to slip

A crisis in the coastal homeowners insurance market continues to drag down home sales numbers statewide, despite big gains in parts of the Upstate and an ever-steady Midlands market for the first quarter of 2007.

When compared to the first three months of 2006, home sales statewide were down 6.7 percent, to 14,247 sales. Myrtle Beach had the biggest drop at nearly 32 percent. All other coastal regions also posted double-digit declines.

Columbia’s home sales were up 4 percent to 2,317 over the first quarter of last year.

In the Upstate, the Rock Hill area saw a 66 percent gain in home sales to 957. The Anderson area showed a 14 percent decrease. The rest of the state was stable.