COLUMBIA, S.C. – July 14, 2014 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its June Statewide Market Reports. The reports indicate that inventory is slowly rising in some areas while activity is picking up in the upper-price tiers. Rents continue to climb in most metros and interest rates are generally lower than a year ago.
New Listings in the state of South Carolina increased 7.4 percent to 9,387. Pending Sales were up 1.1 percent to 5,970. Inventory levels rose slightly to 49,279 units. Prices moved onward as the Median Sales Price increased 6.0 percent to $173,777. Days on Market was down 1.8 percent to 110 days. Absorption rates improved as Months Supply of Inventory was down 5.2 percent to 9.2 months.
Second-quarter job numbers improved but access to mortgage capital and tight credit remains a concern for first-time buyers.
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®.
REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a Member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. This email and any files sent with it are confidential. If you have received this email in error, please notify the sender and then delete it immediately.