Let’s take a look at residential activity in the Charleston market right now: The number of active listings decreased 62% from a year ago but hasn’t seen a significant change since April. This smaller inventory means that buyers who waited to buy will have less to choose from now.
The median listing price was just over $425,000, and the median sale price is $325,000. Compared to last year, the average days spent on the market has dropped by 43%. This lower number of days signals a positive trend in the local inventory turnover rate.
The number of units sold rose 31% year over year and declined 5% since April. Higher year-over-year figures indicate that more buyers are finding what they’re looking for in our real estate market.
If you’d like more information or assistance, please call or email us. We know the market, and we’re here to help you.