South Carolina REALTORS® Release January Market Numbers

COLUMBIA, S.C. – February 15, 2012 – (RealEstateRama) — South Carolina REALTORS® (SCR) today released its January Statewide Market Reports. As we delve into a new year, we’re seeing mostly positive signs. New Listings in the state of South Carolina decreased 4.1 percent to 8,427. Pending Sales were up 19.7 percent to 4,042. Inventory levels shrank 15.2 percent to 47,916 units. Home prices began the year on an up-note as Median Sales Price increased 3.4 percent to $145,000 while Days on Market was down 0.6 percent to 143 days. Absorption rates improved as Months Supply of Inventory was down 16.9 percent to 11.7 months.