FOR IMMEDIATE RELEASE
CONTACT: Sharon Delia (803) 772-5206SC REALTORS® Release March Market Numbers
COLUMBIA, S.C. (March, 2017) — South Carolina REALTORS® (SCR) released its March housing market data indicating a slight jump in new listings, but a decline in inventory.
New listings were up 4.2 percent to 11,963, while pending sales decreased more than six percent to 7,439. Inventory shrank by six percent to 33,079 units.
Prices moved higher as median sales price was up four percent to $182,000. Days on market has decreased ten percent to 98 days. Month’s supply of inventory was down eleven percent to almost five months, indicating that demand increased relative to supply.
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South Carolina REALTORS® (SCR), the largest professional trade association in the state, serves as the voice of real estate for more than 19,000 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®.