2015 best year for South Carolina real estate since the recession

COLUMBIA, S.C. – February 5, 2016 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its 2015 annual market report. The data shows the real estate market in South Carolina experienced its best year since the end of the Great Recession in 2009.

Supply and demand proved healthy throughout the year with closed sales up 11.5 percent to 71,533 compared to the prior year. The year ended with slightly less homes on the market than the previous year, at 33,731. The annual median sales price was up by more than six percent to $172,000 – the highest since SCR began tracking it in 2005. Keeping in line with a balanced market, month’s supply of inventory for the year was down 19 percent to 5.5 months.

“With the economy in pretty good shape, more seller activity is anticipated soon. We’re expecting another great year for both homeowners and Realtors®,” said SCR CEO Nick Kremydas.

SCR’s annual report is attached. Click here to watch the video summary.

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South Carolina REALTORS® (SCR), the largest professional trade association in the state, serves as the voice of real estate for more than 17,385 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