Tuesday, October 18, 2011

S.C. housing shows signs of stabilizing, report says

The residential housing market in South Carolina is showing signs of stabilizing, according to the S.C. Realtors’ report for September. New listings in the state dropped 27.1% in September to 6,195 units, while pending sales slipped 10.7% to 3,319. The number of units on the market fell 15.4% to 52,611 units – “a positive supply side trend that should bring additional stability,” the report said.

In the Greater Greenville area, sales increased 14.2% to 571 units for September, compared with 500 for the same month in 2010. For the quarter, sales were up 22.8% to 1,927 units from 1,569 for the same period in 2010. The median home price for the Greenville market rose 2.7% to $144,500 for September compared with $140,750 for the same month in 2010. The average number of days on the market rose 10.9% to 112 in September from 101 for the same month in 2010.

Click here to read the entire article from GSA Business.

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