November home sales flat across S.C.

Staff Report
colanews@scbiznews.com
Published Dec. 16, 2013

Home sales across South Carolina ticked up less than 1% in November, to 4,449 homes, compared with 4,424 a year earlier, according to the latest data from S.C. Realtors.

But the flat results for November belied a much stronger year-to-date trend statewide, as the number of homes sold bounced up 18%, or an increase of 9,916, to 58,326 homes sold since Jan. 1, the association said.

The strongest increase for November in a major market was in Greater Greenville, where the number of homes sold rose 10.4% to 699 for the month. Next door, in the Western Upstate region, sales rose 20.1% to 251 homes sold in November. In Spartanburg, however, November sales were down 3.7% to 257 homes sold.

Year-to-date sales in the Upstate were much brighter, with a 24% increase in Greater Greenville, a 23% increase in Spartanburg, and 15.4% increase in the Western Upstate.

In the state’s largest market for home sales, the Charleston Trident region, homes sold were up 6% to 886 in November. In the Coastal Carolinas region, sales slumped 6.2% to 717 homes in November. In the Hilton Head area, sales dropped 11.7% to 271 homes.

Year-to-date sales in the Charleston Trident region grew 21.3% from a year earlier.

In Greater Columbia, year-to-date sales were up 22.1% from 2012, while November sales alone were down 1.5%.

New listings in the state increased 2.5% to 6,819. Pending sales were up 4.1% to 4,087, and inventory levels shrank 4.6% to 45,755 units.

The median sales price statewide increased 5.3% to $157,900. Days on market was down 13.8% to 114 days. Absorption rates improved, as months supply of inventory was down 17.6% to 8.6 months.

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