MARKET ACTIVITY REPORTS
CHARLESTON AREA RESIDENTIAL REAL ESTATE SALES AND PRICES STABLE
CHARLESTON, SC—(August 10, 2015) 1,679 homes sold in July in the tri-county area at a median price of $237,750 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). In July 2014, 1,395 homes sold at a median price of $216,000.
Year-to-date data shows that sales volume is about 19% ahead of where it was in 2014, and median price has increased by 4.6% in the region. Thus far in 2015, 9,600 homes have sold at a median price of $227,455. Through July 2014, 8,049 homes had sold at a median price of $217,437.
To put the last two years of year-to-date figures in comparative perspective, annual sales figures from 2009-2011 were 8,341; 8,802 and 9,317, respectively.
Inventory remained steady, with 5,748 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS).
“Demand continues to outpace supply in our area, with many buyers reporting multiple offers on attractive, well-priced properties” said 2015 CTAR President, Matt DeAntonio. “However, prices are stable—that’s the metric we really watch to ensure that the market isn’t artificially inflating. Steady 4.6% price growth is a healthy level, certainly sustainable for our market” he concluded.
Preliminary figures showed 1,679 homes sold in June in the tri-county area at a median price of $240,000. Adjusted data now shows 1,696 sales at the same median price.
389 homes sold at a median price of $208,000 in Berkeley County in July. The most active area of the county was the area bordered by Jedburg Road/Hwy 17A/College Park—where 112 homes sold at a median price of $187,312.
Find Berkeley County area reports here.
899 homes sold at a median price of $298,500 in July in Charleston County. The most active area of the county was North Mt. Pleasant, where 181 homes sold at a median price of $409,000.
Find Charleston County area reports here.
309 homes sold at a median price of $194,000 in Dorchester County in July. The most active area of Dorchester County was Summerville/Ridgeville, where 150 homes sold at a median price of $216,250.
Find Dorchester County area reports here.
Meghan Byrnes Weinreich | 843.793.5208
Marketing and Communications Director
Charleston Trident Association of REALTORS