Sep
21

SC REALTORS Release August Market Reports

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House BalanceSouth Carolina REALTORS®  today released its August housing market data indicating that demand is present and creating competitive situations regarding pricing, while inventory continues to drop.

New listings were up ten percent to 10,064. Pending sales decreased almost two percent to 6,678. Inventory shrank by almost six percent compared to last year and is down to 36,099 units.

Prices moved higher and median sales price was up almost six percent to $184,789. Homes are selling quickly with most on the market for only 91 days. Month’s supply of inventory was down almost ten percent to six months, indicating that demand increased relative to supply.

Categories : South Carolina News

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