Charleston home sales down 17.3% from July to August; state sales down 5.6%

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Of the state’s three major metropolitan areas, Greenville reported a 2.9% increase in home sales, while Charleston reported a decline in sales of 17.3% and Columbia reported a decline of 7.6%, according to a report from the S.C. Association of Realtors.

Staff Report
Published Sept. 25, 2009

The S.C. Association of Realtors is reporting 3,952 homes were sold in South Carolina in August, down about 5.6% from home sales in July.

Home sales for August were down 9.4% compared to sales of August 2008.

Of the 15 regions reporting home sales to the association, only six reported an increase in sales for August.

Of the state’s three major metropolitan areas, Greenville reported a 2.9% increase in home sales, while Charleston reported a decline in sales of 17.3% and Columbia reported a decline of 7.6%, according to the report.

The median price of homes in South Carolina in August was $147,600, up from $142,000 in July. The median price of homes in August 2008 was 154,900.

The average number of days a home was on the market was 155, up slightly from 153 in July.

Statewide home sales year-to-date

Month Total homes sold

Jan. 2009 2,130

Feb. 2009 2,448

March 2009 3,275

April 2009 3,192

May 2009 3,704

June 2009 4,195

July 2009 4,190

August 2009 3,952

Source: S.C. Association of Realtors

Area Number of homes sold

July August

Charleston 796 658

Columbia 793 732

Greenville 589 607

Source: S.C. Association of Realtors