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Home sales finish positive in 2010

Jan 14, 2011 4:13:00 PM - thestate.com
Home sales in South Carolina finished in the positive for the first time in four years in 2010 as the state begins to climb out of the Great Recession.

The coast, which was the first to enter the housing downturn in 2006, ended with positive numbers as declining home prices boosted sales most of the year.

But the Midlands, which was slower to enter the housing downturn, continued to struggle last year, along with other inland regions.

Sales ticked up .2 percent in 2010, compared to the previous year in South Carolina, according to data from the S.C. Realtors trade group, giving industry professionals hope that the state has seen the worst of the downturn. Median price also increased .8 percent to $150,000 statewide.

The lowpoint appeared to be 2008, when sales sank 24 percent.