COLUMBIA, S.C. – April 14, 2014 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its March Statewide Market Reports.
The reports indicate that seller activity is at the forefront now, and we watch to see if current low inventory spurs an increase in new properties.
New Listings in the state of South Carolina decreased 5.7 percent to 10,865. Pending Sales were down 2.1 percent to 5,989. Inventory levels shrank 2.5 percent to 46,978 units.
Prices moved higher as the Median Sales Price increased 3.0 percent to $156,000. Days on Market was down 9.4 percent to 116 days. Absorption rates improved as Months Supply of Inventory was down 11.0 percent to 8.9 months.
Consumer spending has risen and unemployment benefits have decreased as economic health now fuels housing market growth.
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
