SC real estate group's November data shows upward trend in listings, prices

South Carolina Realtors recently released its November 2015 real estate market reports.

In the state, new listings were up 5 percent, to 6,880, and pending sales increased 1.4 percent, to 4,561. Inventory shrank almost 7 percent, to 36,371.

Prices moved higher as the median sales price was up slightly more than 7 percent, to $174,400. Days on market decreased 6 percent (to 107 days) and months supply of inventory was down almost 18 percent (to six months).

In Beaufort, the number of residential homes, condos and villas sold dropped 21.1 percent, to 112. In the Hilton Head Island area, the number sold decreased 6.7 percent, to 237.

The median price of residential homes, condos and villas sold increased 7.7 percent (to $183,294) in Beaufort and increased 3.9 percent (to $279,465) in the Hilton Head area.

The data

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This story was originally published January 6, 2016 at 8:37 AM with the headline "SC real estate group's November data shows upward trend in listings, prices."