MARKET ACTIVITY REPORTS
Consistently Strong Sales Through Summer
CHARLESTON, SC—(July 11, 2016) 1,919 homes sold during June in the region at a median price of $250,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). In June 2015, 1,705 homes sold at a median price of $240,000. This data reflects a 12.5% increase in sales volume and 4.2% growth in median price, comparing last June to this June.
Year-to-date figures show 8,648 homes sold in 2016 at a median price of $239,000 in the region. Comparing 2015 figures to 2016 thus far, year-to-date sales volume has increased 8.9% and median price has grown by 8.3%.
Inventory has declined by 12.5% over the last 12-month period, with 5,433 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) as of July 11.
“Sales numbers for the region have remained strong through the summer thus far,” said 2016 CTAR President, Michael Sally, “but the lack of inventory remains a concern despite a slight rise in June. It is a trend that we are watching closely as we work towards sustainable growth in the Lowcountry,” said Sally.
Preliminary data showed 1,695 homes sold in May in the region at a median price of $245,000. Adjusted data now shows 1,705 sales at a median price of $243,500.
1,841 of the homes sold in the region sold in Charleston, Berkeley or Dorchester counties at a median price of $256,000.
459 homes sold at a median price of $217,000 in Berkeley County in June. There are currently 1,040 residential properties for sale in Berkeley County.
Find Berkeley County area reports here.
1,025 homes sold at a median price of $336,990 in June in Charleston County. There are currently 2,989 residential properties for sale in Charleston County.
Find Charleston County area reports here.
357 homes sold at a median price of $210,000 in Dorchester County in June. There are currently 866 residential properties for sale in Dorchester County.
Find Dorchester County area reports here.
Meghan Byrnes Weinreich | 843.793.5208
Marketing and Communications Director
Charleston Trident Association of REALTORS