S.C. real estate market cools slightly in September

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The S.C. real estate market cooled slightly in September, though the Greater Columbia area saw an 11% increase in home sales.  

Statewide, 9,323 homes sold throughout the month, according to the most recent South Carolina Realtors market reports. That represented 5% fewer homes sold than the same time last year, though year-to-date statistics show state yearly closed sales up almost 15% over 2020. 

The median sales price climbed 11.5% to $282,000, according to the organization. This time last year, the median sales price stood at $253,000.  

“Sales throughout South Carolina continue to be above the national average, even with a slight cooling of the market this past month,” Morris Lyles, South Carolina Realtors president and Realtor at Columbia’s ERA Wilder, said in a news release. “Affordability due to higher sales prices continues to be an issue for some buyers, however year over year, the market is still strong.” 

New listings dropped 1.4% statewide from last year to 10,407, while pending sales decreased 13.1% to 8,525. Inventory shrank 31% to 13,305 units, while days on market dropped 47% to 38 days.