COLUMBIA, S.C. (October 15, 2014) — South Carolina REALTORS® (SCR) today released its statewide housing market reports. The reports indicate that consumers are now finding more listings in their search results than they have in years, as higher prices have motivated more sellers to list their homes.
New Listings in the state of South Carolina increased 1.2 percent to 8,445. Pending Sales were up 11.6 percent to 5,416 and Inventory levels fell 3.2 percent to 47,054 units. Prices continued to gain traction as the Median Sales Price increased 3.6 percent to $164,699. Days on Market was down 4.3 percent to 110 days. Sellers were encouraged as Months Supply of Inventory was down 7.6 percent to 8.5 months.
The departure of investors from the scene should benefit first-time homebuyers, but student debt and sluggish wage growth have slowed the transition. The economy is growing, albeit slowly. Contrary to the forecasts of most economists, inflation remains tame, partly enabling the Federal Reserve to keep rates low for longer.
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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WASHINGTON, D.C. – October 15, 2014 – (RealEstateRama) — 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®.
REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a Member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. This email and any files sent with it are confidential. If you have received this email in error, please notify the sender and then delete it immediately.
CONTACT: Sharon Delia
