The latest numbers are a positive sign for our Charleston market.
Welcome to your July 2021 market update! Let’s take a look at the latest residential activity in Charleston.
As of the recording of this video, the number of active listings has decreased 46% compared to the previous year, but it’s remained unchanged compared to the previous month. This smaller inventory means that buyers who waited to buy may have a smaller selection to choose from. The median listing price stands at just over $415,000.
Compared to last year, the average days of units spent on the market before getting sold has dropped 56%. This decrease signals a positive trend in the local inventory turnover rate. The median sales price, meanwhile, stands at $342,000. The number of units sold has decreased 1% year over year but increased 5% month over month. This upward sales trend indicates positive momentum.
If you have questions about these numbers or there is anything we can help you with, don’t hesitate to call or email us. We’d love to help you.
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through there process alone.
You may be wondering if prices are projected to rise or fall…or how much competition you may be facing in your market. The free Guide below will answer many of your questions and likely bring up few things you haven’t even thought about yet.
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