Realtors® staying busy through summer

COLUMBIA, S.C. – August 17, 2015 – (RealEstateRama) — According to the U.S. Census, homeownership is at 63 percent for the second quarter of 2015- down one percent from the second quarter of 2014. This is the lowest rate of homeownership since 1967. However on a micro level, mortgage applications have kept Realtors® in South Carolina busy through summer.

South Carolina REALTORS® (SCR) July market data shows New Listings were up six percent to 10,141 while Pending Sales increased more than seven percent to 6,502. Inventory shrank almost six percent to 40,625.

Prices moved higher as Median Sales Price was up almost eight percent to $180,000. Days on Market decrease ten percent to 99 days. Months Supply of Inventory was down 18 percent to seven months.

“We’re glad to see that many economic trends are continuing, revealing a stable housing market and even more opportunity for South Carolina’s citizens to achieve the dream of homeownership,” said SCR CEO Nick Kremydas.

Please contact local boards for data by area. Questions about the attached statewide data? Contact Nick Kremydas at 803.772.5206.

###

South Carolina REALTORS® (SCR), the largest professional trade association in the state, serves as the voice of real estate for 16,000 members involved in all aspects of the residential and commercial real estate industries. REALTOR® is a registered trademark that identifies a professional in real estate who subscribes to a strict code of ethics as a member of SCR and the National Association of REALTORS®.

CONTACT: Sharon Delia (803) 772-5206

SHARE
Previous articleENDOWMENT RELEASES COMPREHENSIVE REVIEWS ON FOREST INVESTMENT ZONES, CROWDFUNDING INITIATIVE, AND COMMUNITY ENERGY PROJECT
Next articleSC REALTORS® Release August 2015 Housing Market Data