SC REALTORS Release October Figures


South Carolina REALTORS® (SCR) today released its October 2014 statewide housing market reports. The reports show housing is normalizing in South Carolina and nationwide, with housing starts and building permits on the rise, inventory levels increasing in metro areas and homes selling quickly and close to list price.

In South Carolina, New Listings increased 8.6 percent to 6,929. Pending Sales were up 9.9 percent to 3,943 and Inventory grew 2.3 percent to 34,001 units. Prices moved higher as the Median Sales Price increased 6.7 percent to $160,000. Days on Market decreased 2.5 percent to 115 days and Months Supply of Inventory was down 4.7 percent to 8.2 months.

Interest rates remain attractive, corporate earnings have been strong and private job gains are exceeding expectations.

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