COLUMBIA, S.C. (December 23, 2019) — South Carolina REALTORS® (SCR) today released its November 2019 market report. The report shows an increase in new listings and prices and a decrease in pending sales.
New listings were up three percent to 8,014 compared to last year, while pending sales decreased four percent to 5,674. Homeowners have less to choose from with an inventory drop of one percent to 29,768 units.
The report also reveals that sellers continue to have an advantage with a median sales price increase of almost eight percent to $214,900. Days on market decreased by almost six percent to 83 days. And, months supply of inventory was down almost five percent to 3.9 months, indicating that demand increased relative to supply.
"The market continues to be competitive throughout the holiday season," said SCR CEO Nick Kremydas.
South Carolina REALTORS® (SCR), the largest professional trade association in the state, serves as the voice of real estate for more than 23,000 members involved in all aspects of the residential and commercial real estate industries. REALTOR® is a registered trademark that identifies a professional in real estate who subscribes to a strict code of ethics as a member of SCR and the National Association of REALTORS®.