COLUMBIA, S.C. – May 15, 2014 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its April Statewide Market Reports.
The reports indicate prices are going up and most metropolitan markets are between recovery and normalization.
New Listings in the state of South Carolina increased 4.7 percent to 10,623. Pending Sales were down 0.4 percent to 6,190. Inventory levels shrank 1.6 percent to 48,185 units.
Prices moved higher as the Median Sales Price increased 4.8 percent to $159,000. Days on Market was down 1.6 percent to 120 days. Absorption rates improved as Months Supply of Inventory was down 10.0 percent to 9.0 months.
As high-wage job growth increases, so will potential buyers.
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 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®.
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CONTACT: Sharon Delia
