COLUMBIA, S.C. – March 15, 2013 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its February Statewide Market Reports, and it appears buyers are motivated by an attractive affordability environment, while more and more sellers are receiving near top dollar for their homes.
New Listings in South Carolina increased 2.8 percent to 8,676. Pending Sales were up 8.4 percent to 4,863. Inventory levels shrank 11.3 percent to 45,173 units. Prices were up and the Median Sales Price increased 3.6 percent to $145,500. Days on Market was down 10.6 percent to 132 days. Absorption rates improved as Months Supply of Inventory was down 23.5 percent to 9.5 months.
The economy continues to grow at a snail’s pace. But there’s significant pent-up demand from renters, first-timers and investors to counteract it.
Statewide reports are attached. Please contact local boards for data by area. Questions about the 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 more than 14,000 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®.
REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a Member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. This email and any files sent with it are confidential. If you have received this email in error, please notify the sender and then delete it immediately