South Carolina housing market remains strong
December 29, 2019
South Carolina REALTORS® (SCR) released its November 2019 market report. The report shows an increase in new listings and prices and a decrease in pending sales.
New listings were up three percent to 8,014 compared to last year, while pending sales decreased four percent to 5,674. Homeowners have less to choose from with an inventory drop of one percent to 29,768 units.
The report also reveals that sellers continue to have an advantage with a median sales price increase of almost eight percent to $214,900. Days on market decreased by almost six percent to 83 days. And, months supply of inventory was down almost five percent to 3.9 months, indicating that demand increased relative to supply.
“The market continues to be competitive throughout the holiday season,” said SCR CEO Nick Kremydas.
