COLUMBIA, S.C. – November 17, 2015 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its October real estate market reports.
The reports reveal the number of homes, condos and villas sold compared to last year has declined by more than five percent, while the average days on market is also down by 12 percent compared to last year. New listings also decreased by almost seven percent to 7,693 along with Pending Sales which decreased ten percent to 4,798
Inventory shrank six percent to 37,453 units, however Prices moved higher as Median Sales Price was up almost eight percent to $174,460. Inventory was down throughout October by 17 percent to 6 months.