The real estate market in South Carolina is cooling down, according to a report from the South Carolina Realtors.The report revealed 9,670 homes were sold across South Carolina in August, a 0.2% drop compared to this time last year when 9,686 homes were sold.(Video above: This Color Could Increase Your Home Value by 5K)“The market is cooling down a little bit, but this is a typical trend following a busy summer when families are typically in a hurry to move before the school year begins,” said Morris Lyles, SCR 2021 president and realtor at ERA Wilder in Columbia.The report said inventory fell by almost 42%, along with pending sales at 12% and days on market at 50%.Currently, there is 1.4 months’ worth of inventory in South Carolina, down almost 42% from a year ago. The National Association of Realtors reports nationwide inventory increased slightly over the summer. But even with renewed interest, it’s still down overall nationwide by almost 20%.Of the homes sold throughout the state, the coastal areas had a slight decline in sales while Aiken saw the biggest increase at 12% compared to this time last year, the report said. “I believe Aiken is attractive to many buyers because it has the warmth of a small town with a metropolitan feel. In our area, we have first-time homebuyers, families who are trading in a starter home for something larger and many investors as well. The equestrian and luxury market is also thriving,” said Julie Whitesell, SCR parliamentarian and broker in charge of Meybohm in Aiken.The report showed that statewide median sales price increased by almost 13% to $285,000.In 2020, the median sales price was $252,000.