South Carolina REALTORS® Release July Market Numbers

South Carolina REALTORS® Release July Market Numbers

COLUMBIA, S.C. – August 15, 2012 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its July Statewide Market Reports. In comparing the numbers to July 2011, New Listings in South Carolina increased 2.0 percent to 7,907, while Pending Sales were up 11.0 percent to 4,777. Inventory levels shrank 15.1 percent to 48,625 units. The Median Sales Price increased 4.0 percent to $156,000 and Days on Market was down 7.5 percent to 130 days. The supply-demand balance stabilized as Months Supply of Inventory was down 23.6 percent to 11.1 months

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