Tag Archives: #PalmettoStateLiving

South Carolina Real Estate Market Resilient in 2025

20 Wednesday Aug 2025

Posted by in Home buying, Home Selling, Real Estate Trends, South Carolina Housing Market

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Real estate markets do not all move at the same pace. South Carolina continues to show more resilience than much of the country. National housing numbers show signs of slowing. Nonetheless, the Palmetto State is standing out as a bright spot for buyers. It is also a bright spot for sellers alike.

Stronger Sales Than the National Trend

Nationally, existing-home sales have been flat compared to last year, with a 2.7% decline in the most recent month. In contrast, South Carolina is moving in the opposite direction. Closed sales in the state climbed 2.7% year-over-year, aligning with a broader positive trend across the Southeast. In fact, the Southeast was one of only two regions in the U.S. to record a sales increase—showing that buyer demand here remains strong.

Home Prices Growing at a Healthier Pace

On the pricing front, South Carolina homes are appreciating at a slightly faster rate than the national average. The median sales price rose 2.9%, compared to the national increase of just 2.0%. Homeowners in South Carolina are gaining equity at a quicker pace. Buyers can still feel confident that their investment will grow in value.

Inventory Levels Show Balance

Housing supply also plays a big role in the health of a market. South Carolina now has a 4.2-month supply of inventory, making it slightly tighter than the national average of 4.7 months. This balanced level helps keep upward pressure on home values without pushing affordability completely out of reach. By comparison, the national new-home market is oversupplied with 9.8 months of inventory, paired with falling median prices—a very different picture than what we’re seeing here locally.

What This Means for Buyers and Sellers

For sellers, these numbers show that South Carolina remains one of the strongest markets in the nation. Homes are appreciating, inventory is healthy, and buyers are still actively making moves. For buyers, it signals that while competition exists, South Carolina continues to offer stability. It also provides value compared to many other areas.

The Bottom Line

South Carolina stands out as a pocket of strength within today’s shifting housing landscape. The Palmetto State boasts stronger sales growth. It also experiences faster price appreciation. Additionally, there is a balanced supply. For these reasons, it remains a smart place to buy or sell real estate.

✨ Thinking about making your move in South Carolina? Whether you’re buying or selling, the RMF Realty Team is here to guide you every step of the way.

📞 Contact us today to discuss your real estate goals. Discover why South Carolina is one of the best markets in the country to call home.

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Affordable Cities to Live South Carolina Ranks Second !

19 Wednesday Jul 2023

Posted by in Columbia housing market

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South Carolina Ranks Second in CNBC’s Top 10 Affordable Cities to Live!

The housing market plays a crucial role in determining the desirability and affordability of a city or state for potential homeowners. In an exciting development for South Carolina residents, CNBC has recognized the Palmetto State as the second-most affordable place to live among the top 10 cities identified in their recent rankings. With solid price appreciation and a favorable economy, South Carolina offers an enticing combination of affordability and growth opportunities. Let’s delve deeper into the factors that make South Carolina an attractive choice for homeowner.

Affordable Housing Market and Price Appreciation:

One of the key reasons South Carolina stands out as an affordable housing market is the balance it strikes between price appreciation and affordability. Homeowners in the state have experienced solid price appreciation, with a notable 13% increase leading into 2023. Despite this growth, prices in South Carolina remain relatively affordable compared to other states in the region. This affordability factor contributes significantly to the state’s appeal for individuals and families looking to settle down without breaking the bank.

Economy and Growth Opportunities:

South Carolina’s robust economy has played a vital role in its recognition as an affordable housing market. The state secures an impressive seventh place in CNBC’s 2023 Economy Rank, receiving a solid grade of B+. This recognition highlights South Carolina’s positive economic climate, characterized by job opportunities, business growth, and overall economic stability. A strong economy fosters a favorable environment for homeowners, ensuring steady employment prospects and enhancing the long-term value of properties.

Active Home building Industry:

Another factor contributing to South Carolina’s affordability is the proactive stance of home builders in meeting the growing demand for housing. The state boasts strong construction activity, with home builders rising to the occasion and actively developing new residential projects. This level of activity ensures a steady supply of housing options, promoting competition among builders, and ultimately benefiting prospective buyers with affordable choices.

Foreclosure Rates and Underwater Mortgages:

While South Carolina’s housing market has been thriving, it is important to monitor potential challenges. Rising foreclosure rates are worth observing, as they can impact the stability of the housing market. Currently, South Carolina has a foreclosure rate of 1 in 2,691 homes, indicating a relatively manageable situation. Additionally, the state has a low percentage of underwater mortgages, standing at just 3%. These statistics reflect a level of stability and resilience within the housing market, providing homeowners with a sense of security.

Conclusion:

South Carolina’s recognition as the second-most affordable city to live in CNBC’s recent rankings is a testament to its thriving housing market and overall desirability. Homeowners in the Palmetto State benefit from solid price appreciation, affordability relative to the region, a strong economy, and an active homebuilding industry. While rising foreclosure rates require vigilance, the current figures indicate stability and resilience within the housing market. As South Carolina continues to provide an ideal balance of affordability and growth opportunities, it cements its position as a desirable destination for those seeking a high quality of life and a sound investment in the real estate market.

If you are considering making South Carolina your home, we at The RMF Realty Team would be thrilled to welcome you as our neighbor and assist you in achieving your homeownership goals. With South Carolina being recognized as the second-most affordable city to live in CNBC’s recent rankings, there has never been a better time to explore the opportunities this beautiful state has to offer. Whether you are a first-time homebuyer, looking to upgrade, or interested in investment properties, our experienced team is here to guide you through the entire process. We understand the local market dynamics, have extensive knowledge of South Carolina’s neighborhoods, and can help you find the perfect home that fits your budget and preferences. Contact us today, and let’s embark on this exciting journey together.

Disclaimer: The information presented in this blog post is based on the CNBC article published on July 19, 2023, and the data provided therein. The RMF Realty Team does not guarantee the accuracy or reliability of the information provided and encourages readers to conduct their own research and consult with relevant professionals before making any real estate decisions.

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