South Carolina REALTORS® Release February Market Numbers

COLUMBIA, S.C. – March 15, 2012 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its February Statewide Market Reports. New Listings in South Carolina decreased 7.2 percent to 8,228. Pending Sales were up 16.9 percent to 4,653. Inventory levels shrank 15.7 percent to 48,446 units. Home prices gazed skyward. The Median Sales Price increased 2.6 percent to $140,000. Days on Market was up 3.0 percent to 148 days. Absorption rates improved as Months Supply of Inventory was down 18.4 percent to 11.7 months. Data from Cherokee County is also now included in the reports for a complete statewide picture.