South Carolina's Housing Market Rebounds in April, Sees Significant Sales Growth

South Carolina's Housing Market Rebounds in April, Sees Significant Sales Growth

The South Carolina housing market experienced a notable rebound in April, with home sales increasing by 7.2% compared to the same month last year, as reported by The State newspaper. This surge in sales comes after a challenging March, where the market saw a 9.9% year-over-year drop.

According to data from South Carolina Realtors, several markets across the state witnessed substantial growth in home sales. Beaufort, Spartanburg, Western Upstate, and Greater Greenville all saw double-digit increases, while the Hilton Head area, Greater Columbia, Charleston Trident, and Greater Augusta also experienced significant growth.

Despite the overall positive trend, some markets, such as Greenwood, Central Carolina, Pee Dee, and Cherokee County, saw declines in home sales.

The median home price in South Carolina continued to rise, reaching $340,000 in April, representing a 5.4% year-over-year increase. However, the pace of price growth has slowed compared to recent years. While most markets experienced price increases, Greater Columbia, Greater Augusta, Cherokee County, and Central Carolina saw median price drops.

South Carolina's housing market performance mirrors the national trend, with the U.S. Census Bureau reporting an 8.8% month-over-month increase in new home sales, reaching the highest level since September.

For more detailed information on South Carolina's housing market, readers can refer to the original article by Patrick McCreless, published in The State on May 15, 2024: [https://www.thestate.com/news/state/south-carolina/article288489251.html?utm_campaign=trueanthem&utm_medium=social&utm_source=facebook]

At The Simmons Stratton Group at Fathom Realty, we strive to keep our community informed about the latest developments in the local real estate market. If you have any questions or would like to explore your real estate options, our experienced team is here to help.​​​​​​​​​​​​​​​​

For more information, guidance on buying a home, or to schedule a consultation, contact us today:

The Simmons Stratton Group at Fathom Realty
Phone: 803-999-7522
Email: [email protected]
Website: https://isellscre.com 

Embrace the opportunity to make an informed decision in the housing market with The Simmons Stratton Group at Fathom Realty. Your future home awaits.