Archive for REALTORS

Nov
25

SC REALTORS Release October Figures

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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.

Categories : South Carolina News
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Aug
18

SC REALTORS Release July Figures

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South Carolina REALTORS® (SCR) today released its July Statewide Market Reports, indicating that although low supply and tight credit standards remain hurdles to recovery, prices are rising in most local areas. Interest rates are still low and affordability is historically high but below its all time peak. Rising inventory levels lead to more buyer choices, but as we approach the fall season, the prospect of more homes coming on the market begins to wane.

New Listings in the state of South Carolina increased 3.3 percent to 9,975. Pending Sales were down 1.3 percent to 5,915. Inventory levels rose 0.2 percent to 49,196 units. Prices moved onward as the Median Sales Price increased 2.5 percent to $167,000. Days on Market was down 9.2 percent to 108 days. Absorption rates improved as Months Supply of Inventory was down 4.2 percent to 9.1 months.

Consumer spending rose 2.5 percent in the first quarter and the GDP grew at 4.0 percent in the second quarter. Rates are still low, rents are rising and private job growth is accelerating.

 

Categories : South Carolina News
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Oct
25

Grand Strand Home Sales Up

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Grand Strand real estate sales jumped during the third quarter, a reflection of how sales continue to increase, particularly for single-family homes, and an indication that people are still interested in relocating to the area, according to local Realtors.

Single-family home sales rose 17 percent July through September compared to the same period last year, according to the Multiple Listing Service. Condo sales rose 10 percent July through September compared to the same three months last year, according to the MLS. Cash sales of houses and condos make up 46 percent of all sales, which is down from 48 percent last year, but still holding strong, said Tom Maeser, a real estate analyst for the Coastal Carolinas Association of Realtors.

“A lot of positive things are happening,” he said. “People still want to buy here. Investors are finding cash to continue to buy, and new construction is up.”

READ MORE HERE

Categories : Myrtle Beach
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Jul
16

SC REALTORS Release June Sales Figures

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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.

Categories : South Carolina News
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