COLUMBIA, S.C. – November 26, 2014 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its October 2015 statewide housing market reports. The reports show housing is normalizing in South Carolina and nationwide, with housing starts and building permits on the rise, inventory levels increasing in metro areas and homes selling quickly and close to list price.
In South Carolina, New Listings increased 8.6 percent to 6,929. Pending Sales were up 9.9 percent to 3,943 and Inventory grew 2.3 percent to 34,001 units. Prices moved higher as the Median Sales Price increased 6.7 percent to $160,000. Days on Market decreased 2.5 percent to 115 days and Months Supply of Inventory was down 4.7 percent to 8.2 months.
Interest rates remain attractive, corporate earnings have been strong and private job gains are exceeding expectations.
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 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®.
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CONTACT: Sharon Delia