South Carolina REALTORS® Release January Market Numbers

COLUMBIA, S.C. – February 15, 2012 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its January Statewide Market Reports.

As we delve into a new year, we’re seeing mostly positive signs. New Listings in the state of South Carolina decreased 4.1 percent to 8,427. Pending Sales were up 19.7 percent to 4,042. Inventory levels shrank 15.2 percent to 47,916 units. Home prices began the year on an up-note as Median Sales Price increased 3.4 percent to $145,000 while Days on Market was down 0.6 percent to 143 days. Absorption rates improved as Months Supply of Inventory was down 16.9 percent to 11.7 months.

“All in all, January’s numbers look to start off the year on the right foot with a healthy four percent gain over January 2011,” said SCR CEO, Nick Kremydas.

Please contact local boards for data by area. Questions about the statewide data? Contact Nick Kremydas at 803.772.5206.

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South Carolina REALTORS® (SCR) is the largest professional trade association in the state, serving as the voice of real estate for more than 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®.