COLUMBIA, S.C. – March 13, 2014 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its February Statewide Market Reports.
The reports indicate continued market normalization and moderate investor activity.
New Listings in the state of South Carolina decreased 5.1 percent to 8,943. Pending Sales were down 6.0 percent to 4,497. Inventory levels shrank 4.1 percent to 44,472 units.
Prices moved higher as the Median Sales Price increased 5.3 percent to $152,931. Days on Market was down 8.3 percent to 121 days. Absorption rates improved as Months Supply of Inventory was down 13.1 percent to 8.6 months.
The economy continues to improve with 47 months of private job growth, creating 8.5 million new payrolls. Inventory levels are still low resulting in a lot of new construction.
Please contact local boards for data by area. Questions about the attached statewide data? Contact Nick Kremydas at 803.772.5206.
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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