South Carolina REALTORS® Release March Market Numbers

South Carolina REALTORS® Release March Market Numbers

COLUMBIA, S.C. – April 16, 2015 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its March statewide housing market numbers revealing 2015 to be a healthy and energetic selling season.
While all real estate is local, increases in new construction sales and pending sales are happening nationwide.

New Listings throughout the state were up 2.9 percent to 11,079. Pending Sales increased 8.7 percent to 6,766 and Inventory shrank six percent to 40,345 units. Prices moved higher as the Median Sales Price was up 5.8 percent to $165,000. Days on Market decreased 3.4 percent to 115 days while Months Supply of Inventory was down 15.7 percent to seven months, the twelfth consecutive month of year-over-year declines.

On average more people are employed and making more money than they were this time last year. Coupled with the mostly positive jobs picture, it is widely expected that mortgage rates will remain as they are for at least the first six months of the year.

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

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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®.

CONTACT: Sharon Delia

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