Housing Markets Continue to Rise in Columbia, SC

Home sales in May continued on an upward path with prices rising modestly, pending sales climbing and housing stock declining, according to the monthly market report issued Monday by S.C. Realtors. Columbia median prices rose 3.4 percent in May 2015 to $155,000 from $149,900 a year ago, well below the state median price increase for the period which moved up 9.3 percent, rising from $160,000 to $174,900. Months supply of housing inventory for the state was down 18.6 percent, to a seven months stock on hand, the May report said.