Improving Economy/Declining Inventory
May 11, 2018
With the economy improving, more jobs and low mortgage rates, home buyers have turned out in record numbers across South Carolina during the first three months of the year.
From January through March, over 17,000 homes closed across the State at a median price of $180,000, up $10,000 from the same period last year.
As the spring home-buying season kicked off, March alone saw 7,404 home sales. Nearly a quarter of those were in the Charleston region.
Housing inventory continues to remain a concern as the number of homes available for sale statewide decreased to 6.1 percent in March to just over 33,000.
