Dec
17

REALTORS: Positive Signs in SC Market

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South Carolina REALTORS® (SCR) today released its November Statewide Market Reports. November was largely another encouraging month for residential sales. Attention has shifted from multiyear high prices and sales volumes to seller activity, inventory levels and building permits. Month-to-month activity moderates while year-over-year comparisons remain strong.

New Listings in South Carolina increased 2.5 percent to 6,819. Pending Sales were up 4.1 percent to 4,087. Inventory levels shrank 4.6 percent to 45,755 units. Prices moved higher and the Median Sales Price increased 5.3 percent to $157.900. Days on Market was down 13.8 percent to 114 days. Absorption rates improved as Months Supply of Inventory was down 17.6 percent to 8.6 months.

 

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    Categories : South Carolina News

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