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Home sales: S.C. gains, Columbia lags

Mar 23, 2010 1:55:00 PM - thestate.com
South Carolina's coastal real estate market is gaining back some of the ground it lost during a massive downturn that started in 2007.

But Columbia's market -- where the setback was much less severe than the coast -- is still off from 2009 and lingering around 2002 levels, according to a new report from the S.C. Realtors trade group.

"You look at a law firm, a doctor's office, a publicly traded company, they lose 40 percent of their business, they're gone," said longtime Columbia real estate agent Jay Graham. "That's how far we've fallen. Every deal I have, I just look up at the sky and say, 'Thank you.' "

Home sales in Columbia were down 2.5 percent in February from the previous year. Statewide, sales were up 12.5 percent in February.

This was repeat of the trend started in January with statewide sales soaring and Midlands sales lagging.

USA, South Carolina: (Latest Stories)