Statewide year-over-year home sales up 15% in January

Staff Report
Published Feb. 24, 2010

While statewide home sales in January increased 15% over sales in January 2009, Charleston area home sales increased 11.8%, according to numbers released by the S.C. Realtors Association Tuesday.

Sales in the Greater Columbia region dropped 3.7% to 362 homes sold in 2010 from 376 in 2009.

However, the total number of statewide homes sold in January was 2,487 up from last January's total of 2,159. Several markets reported large increases in year-over-year home sales, including a 103.6% increase in the Hilton Head area, a 50.4% increase in the Grand Strand and a 42.6% increase in the Aiken area.

However, not all the news is good. Statewide home sales dropped 29% from December to January, the association reported.

Statewide, the median home price dropped slightly from $140,500 in December to $140,000 in January and the number of days a home sat on the market increased from 153 to 155.

MLS Stats January 2010

Market

Jan. 09

Jan. 10

% change

Aiken

54

77

42.60%

Beaufort

41

43

4.90%

Charleston Trident

372

416

11.80%

Cherokee County

12

13

8.30%

Coastal Carolinas

268

403

50.40%

Greater Columbia

376

362

-3.70%

Greater Greenville

331

365

10.30%

Greenwood

32

24

-25.00%

Hilton Head Area

83

169

103.60%

Piedmont Regional Association

136

140

2.90%

Greater Pee Dee

87

91

4.60%

Southern Midlands Association

20

28

40.00%

Spartanburg

142

148

4.20%

Sumter/Clarendon County

74

50

-32.40%

Western Upstate MLS

131

158

20.60%

State totals

2159

2487

15.20%

Source: SC Realtors

     

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Comments:

Added: 25 Feb 2010

I hate to be a critic but, truely, this is a nonevent. The numbers mean nothing. I truely wish than rether than printing numbers which are meant to boost consumer confidence someone would analize what they mean. not only to the market but, to people personally. Home sales up...prices down? Is it good? Is it bad? Depends on your point of view and if you were the seller or buyer But, what was the net absorption of product including new homes where sales in January were an historic low.

Geoffrey Southard


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