South Carolina REALTORS® Release December 2011 Market Numbers

COLUMBIA, S.C. – January 17, 2012 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its December 2011 statewide market reports. New Listings in the state of South Carolina decreased 12.4 percent to 5,233. Pending Sales were up 11.4 percent to 3,173. Inventory levels shrank 15.6 percent to 48,158 units, extending the signature trend of 2011. Prices were fairly stable. The Meidan Sales Prices increased 0.3 percent o $150,366. Days on Market increased 3.6 percent to 148 days. Absorption rates improved as Months Supply of Inventory was down 16.0 percent to 11.9 months.