COLUMBIA, S.C. – October 15, 2013 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its September Statewide Market Reports. Normalcy is returning to the housing market and all major indices showcase a fairly robust price recovery.
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New Listings in the state of South Carolina increased 9.9 percent to 8,165. Pending Sales were up 8.7 percent to 4,655. Inventory levels shrank 6.2 percent to 46,597 units. Prices moved higher as the Median Sales Price increased 3.2 percent to $159,500. Days on Market was down 9.1 percent to 115 days. Absorption rates improved as Months Supply of Inventory was down 20.3 percent to 8.9 months.
There’s some evidence that it’s not just first-time home buyers fueling the recovery. Move-up buyers are also pulling their weight. Some baby boomers are ready to look for less space while the younger generation seeks bigger space.
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 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®.
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