South Carolina Housing Market Forecast 2022 & 2023
Abstract
The second quarter of 2023 will see higher home prices in South Carolina than the second quarter of the current year. How is the South Carolina Housing Market in 2022? From June 2021 to June 2022, new listings were up 18.4%. 8,560 new listings were added in June but still, the average months of supply are 2 months, the same as last year, according to Redfin. In June 2022, home prices in South Carolina were up 18.4% compared to last year, selling for a median price of $372,800. 42.4% of homes in South Carolina sold above list price, up 1.9 points year over year. The median rent price in South Carolina for August 2022 is $1,800 based on 3,637 rentals available in South Carolina. In June 2022, home prices in South Carolina rose 18.4% annually. Bottom line: We're not seeing any major home price decline or crash in the South Carolina housing market just yet.
