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Slower Pace of Home Sales Continues Through July; Median Price Consistently Rising

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CHARLESTON, SC—(August 10, 2017) According to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR) 1,683 homes sold in July in the region at a median price of $258,705. Last July, 1,664 homes sold at a median price of $240,000.

“Consistent with last month’s data, home sales are tracking along the same path they did at this time a year ago” said 2017 CTAR President Dave Sansom. “Even at the slower pace of sales we’ve seen this summer, we still anticipate year-over-year growth in both sales volume and median price for the region” he continued.

Year-to-date, 10,996 homes have sold in the region at a median price of $250,000. Sales volume has increased about 6% compared to 2016, with homes selling for about 4.5% more than they did at this point last year.

5,304 homes were listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) at the end of the month.

June Adjustment
Preliminary data showed 1,987 homes sold in June in the region at a median price of $260,000. Adjusted figures now show 1,991 homes sold at the same median price.

Berkeley County
445 properties sold at a median price of $224,578 in Berkeley County in July. Year-to-date, single-family home sales have increased about 5.5% in the County, with buyers paying about 5% more than they did a year ago. Condo and townhome sales have increased 32% with a 11% increase in price.

There are currently 1,098 residential properties for sale in Berkeley County—933 single-family homes and 165 condos/townhomes.

Find Berkeley County area reports here. 

Charleston County
890 properties sold at a median price of $330,500 in Charleston County in July. Year-to-date, single-family home sales have increased about 2% in the County, with buyers paying about 8% more than they did a year ago. Condo and townhome sales have increased 15% with a 4% increase in price.

There are currently 2,875 residential properties for sale in Charleston County—2,244 single-family homes and 631 condos/townhomes.

Find Charleston County area reports here. 

Dorchester County
297 properties sold at a median price of $217,000 in Dorchester County in July. Year-to-date, single-family home sales have increased about 5% in the County, with buyers paying about 7% more than they did a year ago. Condo and townhome sales have increased 15% with a 3% increase in price.

There are currently 743 residential properties for sale in Dorchester County—688 single-family homes and 55 condos/townhomes.

Find Dorchester County area reports here. 

Media Contact:
Meghan Byrnes Weinreich | 843.793.5208
Marketing and Communications Director
Charleston Trident Association of REALTORS

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