SC REALTORS Release June Sales Figures


South Carolina REALTORS® (SCR) today released its June 2011 Market Reports. The rate of inventory absorption in the state of South Carolina slowed as Months Supply of Inventory was up 2.6 percent to 15.0 months. New Listings decreased 12.3 percent to 8,772 while Pending Sales were up 0.4 percent to 4,016. Inventory levels shrank 9.7 percent to 57,524 units, but even choosy buyers can still find top-notch homes.

Prices were more or less stable. The Median Sales Price increased 1.6 percent to $155,000. Days on Market increased 13.6 percent to 142 days. On the national front, the interest rite dropped to 4.79 percent on a 30-year fixed conventional and 4.44 percent for FHA. The unemployment rate has been stable around 9.0 percent and initial unemployment claims have continued to fall. Wages and payroll jobs also are slowly improving. Debt ceiling negotiations and other background noises persist, while prolonged job growth is still the missing verse in the recovery song.

Be Sociable, Share!
    Categories : South Carolina News

    Comments are closed.