COLUMBIA, S.C. – May 15, 2013 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its April Statewide Market Reports.
The housing recovery varies by geography and market segment, but things are certainly better than they have been and are showing no signs of letting up.
New Listings in South Carolina increased 8.6 percent to 9,908. Pending Sales were up 11.2 percent to 5,961. Inventory levels shrank 8.9 percent to 47,073 units. Prices moved higher and the Median Sales Price increased 3.8 percent to $151,500. Days on Market was down 16.1 percent to 121 days. Absorption rates improved as Months Supply of Inventory was down 21.2 percent to 9.7 months.
Bidding wars are coming about as a result of lack of inventory and subdued listing activity. However, despite the competitive landscape for buyers, housing remains one of the brightest lights in an otherwise subdued economic recovery.
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 almost 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.
Contact:
Sharon Delia
sharon (at) screaltors (dot) org
