August 25, 2022 In Market Updates

A Snapshot of the Charleston Housing Market

We have our finger on the pulse of the market, and we’re here to help you.

Our real estate market has been going through a lot of changes recently, so let’s take a look at what’s been happening in our area.

Across the entire MLS, there are around 2,650 units in active inventory, compared to about 1,000 units just a couple of months ago. This recent increase creates a much broader selection for homebuyers.

Compared to last year, the average days on market was down from 30 days to 29 days. This may signal a positive trend in the local inventory turnover rate. 

The median listing price is currently $499,000, and the median sales price is $404,400. The number of units sold rose by 16.9% year over year and decreased by 5.8% month over month. Higher year-over-year figures indicate more buyers have been finding what they want.

If you’d like more information to help you make smart real estate decisions, give us a call or send us an email. We’d love to be your real estate resource.


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