COLUMBIA, S.C. – March 13, 2015 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its March statewide housing market numbers revealing that inventory is expected to rise and homes sales increase.
New Listings throughout the state were up around five percent to 8,772. Pending Sales increased 13.5 percent to 5,437 and Inventory shrank five percent to 39,320 units. Prices moved higher as the Median Sales Price was up 5.6 percent to $160,000. Days on Market decreased 6.5 percent to 115 days while Months Supply of Inventory was down 13.6 percent to seven months, the twelfth consecutive month of year-over-year declines.
Nationally, Federal Reserve Chair Janet Yellen seems to have no immediate desire to raise interest rates and the economy remains stable.
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 15,000 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®.
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CONTACT: Sharon Delia