The American Dream is Thriving in the Palmetto State
January 25, 2014
CHARLESTON, SC – January 17, 2014 – South Carolina REALTORS® (SCR) today released its 2013 year-end statewide market report and video. The data show 2013 brought a major shift to the housing market with many local markets transitioning from the buyer’s to the seller’s advantage.
Closed sales are up while days on market is trending downward and the percent of list price received at sale is trending higher. The year also brought the highest number of closed sales since before 2009 with 17.9 percent more purchases in 2013 than in 2012. Inventory was 4.6 percent below the final tally in 2012 and sellers listed 8.7 percent more homes. Single-family property type prices rose 4.1 percent to almost $167,000 and condo prices rose 7.8 percent to just about $125,000.
2013 closed with a 5.0 percent median price increase compared to 2012.
Realtors are excited about South Carolina’s future. The American Dream is thriving in the Palmetto state, said SCR CEO Nick Kremydas.
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