SC REALTORS® Release August 2015 Housing Market Data

COLUMBIA, S.C. – September 17, 2015 – (RealEstateRama) — According to the South Carolina REALTORS® August housing market reports, Summer is wrapping up with continued momentum toward an improving housing market.

New Listings were up 3.9 percent to 9,172 statewide. Pending Sales increased 3.2 percent to 5,991. Inventory shrank 5.8 percent to 39,091 units. Prices moved higher as Median Sales Price was up 6.0 percent to $174,900. Days on Market decreased 11.0 percent to 97 days, the twelfth consecutive month of year-over-year declines.

Months Supply of Inventory was down 18.8 percent to 6.5 months, the twelfth consecutive month of year-over-year declines. According to statistics jointly released by the U.S. Census Bureau and the Department of Housing and Urban Development, privately-owned housing starts rose 0.2 percent when comparing July 2015 to the prior month and 10.1 percent when compared to July 2014.

These numbers are at the highest levels the market has seen since October 2007.

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 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®.