South Carolina REALTORS® Release January Market Numbers

COLUMBIA, S.C.- February 13, 2015 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its January statewide housing market numbers revealing a continuation of last year’s trend of more sellers putting their homes on the market at a higher price.

New Listings throughout the state were up 1.8 percent to 9,119. Pending Sales increased 9.8 percent to 5,046 and Inventory shrank four percent to 39,320 units. Prices moved higher as the Median Sales Price was up 1.8 percent to $156,700. Days on Market held steady at 119 days while Months Supply of Inventory was down 11.4 percent to seven months, the eleventh consecutive month of year-over-year declines.

Student loan debt, sluggish wage growth and lack of sufficient mortgage liquidity remain hurdles to a greater recovery. However, low interest rates, mortgage debt forgiveness and interest deduction preservation are likely to continue to empower more consumers to purchase homes.

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 15,000 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