The American Dream is Thriving in the Palmetto State

COLUMBIA, S.C. – January 24, 2014 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its 2013 year-end statewide market report and video. The data show 2013 brought a major shift to the housing market with many local markets transitioning from the buyer’s to the seller’s advantage.

Closed sales are up while days on market is trending downward and the percent of list price received at sale is trending higher. The year also brought the highest number of closed sales since before 2009 with 17.9 percent more purchases in 2013 than in 2012. Inventory was 4.6 percent below the final tally in 2012 and sellers listed 8.7 percent more homes. Single-family property type prices rose 4.1 percent to almost $167,000 and condo prices rose 7.8 percent to just about $125,000.

2013 closed with a 5.0 percent median price increase compared to 2012.

“Realtors are excited about South Carolina’s future. The American Dream is thriving in the Palmetto state,” said SCR CEO Nick Kremydas.

The Annual Market Report is attached. A video version of the report is available here, on SCR’s YouTube channel. Please contact local boards for data by area. Questions about the statewide data? Contact Nick Kremydas at 803.772.5206.

###

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®.