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.