South Carolina REALTORS® (SCR) today released its April housing market data indicating that now is the time to sell a home.
New listings were down almost three percent to 10,323. Pending sales decreased 17 percent to 6,732. Inventory shrank by five percent to 33,377 units.
Prices moved higher as median sales price was up almost six percent to $185,000. Days on market has decreased almost 13 percent to 91 days. Month’s supply of inventory was down nine percent to five months, indicating that demand increased relative to supply.
“The employment and wages have improved, the economy is good and it’s a traditionally busy time for real estate. This makes it a potentially lucrative time to sell a home,” said SCR CEO Nick Kremydas.
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®.