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Home sales in S.C. take off

Apr 13, 2010 10:00:00 PM - thestate.com
Home sales are heating up throughout the state as buyers look to cash in on a federal tax credit of up to $8,000 that is ending in 17 days.

Real estate groups in Charleston, Greenville and Myrtle Beach reported large upticks in March sales this week. Condo sales in the Myrtle Beach area, which was hard hit by the downturn, spiked 72 percent. And home sales in Charleston rose 22 percent.

In Columbia, however, sales slid again, according to preliminary data obtained by The State.

Home showings are rising, said Columbia real estate agent Jay Graham, as buyers hoping to cash in on the tax credit scramble to get a home under contract by month's end. They have two additional months to actually close.

Neither state nor nationwide numbers have been released, but the National Association of Realtors is expecting a surge in existing home sales from now through June.

USA, South Carolina: (Latest Stories)