FOR IMMEDIATE RELEASE
Contact: Sharon Delia Stone 803-772-5206
REALTORS® beat record number of closed sales in 2019
COLUMBIA, S.C. (January 15, 2020) — South Carolina REALTORS® (SCR) today released its 2019 annual market report. The reports show 2019 as a record-breaking year for closed sales by Realtors®. At 91,140 this is the highest number of closed sales ever recorded.
Prices also were up compared to last year at this time, with a median sales price increase of 7.5 percent to $215,000.
Inventory remained low with the number of homes for sale at 3.9 percent less than 2018. However, new listings increased by four percent to finish the year at 120,210.
It was a stellar year for sellers, who received asking price in record time. On-average sellers received 97.5 percent of their original list price at sale. Average days on market was 85 days.
These numbers also reflect the National Association of REALTORS® fourth quarter findings from its Homeownership Opportunities and Market Experience survey which shows that more than 63 percent of Americans say now is a good time to buy a home. Seventy four percent of sellers say now is a good time to sell.
"2019 was a sellers market. As we look to the future, we’re optimistic that 2020 will remain strong with a healthy economy and continued low mortgage rates," said SCR CEO Nick Kremydas.
SCR’s 2019 annual report is attached. To download or view all archived SCR reports visit screaltors.org/marketreports.
South Carolina REALTORS® (SCR), the largest professional trade association in the state, serves as the voice of real estate for more than 23,000 members involved in all aspects of the residential and commercial real estate industries. REALTOR® is a registered trademark that identifies a professional in real estate who subscribes to a strict code of ethics as a member of SCR and the National Association of REALTORS®.