Real Estate News

Strand homes on market for fewer days before sale this year

Another indicator that the Grand Strand’s real estate market continues to pick up steam is that homes are on the market for fewer days before selling than they were last year, according to new information from SC Realtors, the statewide association.

Homes that sold in February -- including single-family, condos and villas -- were listed for sale for an average of 159 days before a deal was closed.

That’s a 7.6 percent decline, according to the association’s February report, from the average 172 days it took to sell homes that closed in February 2014.

In January and February, the 13-day decline for homes sold was the steepest drop by number and second by percentage, also 7.6, among the state’s four big markets, Charleston, Columbia, Greenville and the Grand Strand.

Charleston, where sales that have closed so far this year had a sales life span of 73 days, was a drop of 10 days and 12 percent from the same two months in 2014, according to the association’s statistics.