Housing markets continue rising in S.C., as on-hand housing stock shrinks
Home sales in May continued on an upward path with prices rising modestly, pending sales climbing and housing stock declining, according to the monthly market report issued Monday by S.C. Realtors.
Columbia median prices rose 3.4 percent in May 2015 to $155,000 from $149,900 a year ago, well below the state median price increase for the period which moved up 9.3 percent, rising from $160,000 to $174,900.
Months supply of housing inventory for the state was down 18.6 percent, to a seven months stock on hand, the May report said.
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Home sales continue climb
A snapshot of housing sales in the Capital City area, the coast and statewide
Housing sales
COLUMBIA
May 2014 – 943
May 2015 – 1,035
Change – 9.8 percent
COASTAL CAROLINA
May 2014 – 987
May 2015 – 1,102
Change – 11.7 percent
SOUTH CAROLINA
May 2014 – 6,217
May 2015 – 6,804
Change – 9.4 percent
Median sales prices
COLUMBIA
May 2014 – $149,900
May 2015 – $155,000
Change – 3.4 percent
COASTAL CAROLINA
May 2014 – $147,000
May 2015 – $157,888
Change – 7.4 percent
SOUTH CAROLINA
May 2014 – $160,000
May 2015 – $174,900
Change – 9.3 percent
Source: S.C. Realtors
This story was originally published June 15, 2015 at 2:10 PM.