To put it mildly, home sales in South Carolina were brisk during the COVID pandemic. In June, 2021, for instance, SC Realtors reported a huge year-to-date uptick in home sales, a healthy upswing in median sale prices, and a 30% drop in the number of days residential properties spent on the market in every region of the state.

A year later, total year-to-date sales cooled in most regions, but median prices were still climbing everywhere, and properties were spending even less time on the market than they were the previous July.

So far this year, it’s a different story for real estate in South Carolina. Home sales statewide are down about 19% through the first half of 2023, according to SC Realtors, which attributes the slump to lower inventory and higher borrowing costs.

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