Spring season busy for real estate

Spring season busy for real estate

COLUMBIA, S.C. – May 14, 2015 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its April real estate market data revealing a busy spring for buyers and sellers.

New Listings were up three percent to 10,953 while Pending Sales increased almost four percent to 6,661. Inventory shrank by almost seven percent with 41,284 homes left to choose from for buyers.

Prices moved higher as Median Sales Price was up five percent ot $155,995 and homes sold faster with a Days on Market decrease of nine percent to 112 days – the twelfth consecutive month of year-over-year declines. Months

Supply of Inventory was down 16.5 percent to seven months.

“Housing fundamentals in South Carolina continue to improve, and with recent economic development announcements we expect this growth trend to continue,” said SCR CEO Nick Kremydas.

With rental prices on the rise and reasonable mortgage rates, new listings are expected to increase statewide and
nationally.

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South Carolina REALTORS® (SCR), the largest professional trade association in the state, serves as the voice of real estate for 16,000 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 (803) 772-5206

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