On July 8, 2025, the South Carolina real estate market experienced a significant uptick in demand and prices, signaling a strong resurgence in the state's housing sector. With a growing economy and increasing population, this surge in activity comes as no surprise to many industry experts.According to data released by the South Carolina Association of Realtors, the median home price in the state has increased by 10% compared to the same time last year. This rise in prices can be attributed to a combination of factors, including low inventory levels and high demand from both local residents and out-of-state buyers looking to relocate to the area.One of the key drivers of this increase in demand is the state's strong job market and overall economic growth. With unemployment at an all-time low and wages on the rise, more and more individuals and families are looking to invest in homeownership in South Carolina. Additionally, the state's relatively low cost of living compared to other regions on the East Coast makes it an attractive destination for those looking to escape high housing costs in cities like New York and Boston.In terms of inventory, the market continues to face challenges with a limited supply of homes for sale. This imbalance between supply and demand has created a highly competitive market, with homes often receiving multiple offers and selling above asking price. As a result, many sellers are holding off on listing their properties in hopes of capitalizing on the current seller's market.Real estate experts predict that this trend of increasing demand and prices is likely to continue in the coming months, especially as more people continue to flock to South Carolina for its beautiful landscapes, warm climate, and strong sense of community. However, there are concerns about affordability for first-time homebuyers and low-income families, as rising prices may put homeownership out of reach for some.Overall, the South Carolina real estate market is thriving, driven by a booming economy, low inventory levels, and a strong influx of buyers. While this surge in activity is positive for sellers and the overall economy, it also presents challenges for those looking to enter the housing market. As the market continues to evolve, industry experts will be closely monitoring trends to ensure a sustainable and inclusive real estate market for all residents of the state.