COLUMBIA, S.C. – January 15, 2015 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its December 2015 real estate market reports. The data reveals that the South Carolina housing market wrapped up the year on a positive note, with increases in both closed sales and median sales price.
New listings were up three percent to 5,776 and Pending Sales decreased slightly by one percent to 4,156. Inventory shrank eight percent to 33,800.
Prices moved higher as Median Sales Price was up more than seven percent to $175,000. Days on Market decreased five percent to 107 days and Months Supply of Inventory was down 19 percent to five and a half percent- indicating that demand increased relative to supply.
“Our state faced a lot of challenges toward the end of 2015, but December turned out to be a good month for real estate,” said SCR CEO Nick Kremydas.
SCR’s 2015 Annual Report is coming soon! 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 17,385 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®.