South Carolina REALTORS® (SCR) today released its August housing market data. The numbers indicate that prevailing inventory and sales trends lasted throughout the summer.
New listings were up almost almost two percent to 10,004 while pending sales decreased almost 12 percent to 6,501. Inventory shrank five percent to 32,783 units. Prices throughout August were up by almost three percent with a median sales price of $190,000.
Houses were on the market for approximately 85 days and the months supply of inventory was down by seven percent to almost five months.
“It’s officially the end of summer and the beginning of a new school year. We expect that new listings will slow down a bit, so it’s important that buyers and sellers contact a REALTOR® to help with their housing needs.”