June Market Report: Inventory Increases For The First Time In 15 Months
Inventory Of Homes For Sale Increases For The First Time In 15 Months
Sales and Prices Continue to Increase in a Competitive Market
CHARLESTON, SC—(July 12, 2021) 2,458 homes sold in June in the Charleston region at a median price of $353,544 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR).
Year-to-date, sales volume has increased 32% with 12,123 homes sold thus far in 2021 compared to 9,201 at this point last year. Median price is $339,990 a nearly 18% increase from this point in 2020, when the median price was $289,000.
Inventory data shows 72% fewer homes for sale over the last 12-month period, with 1,607 homes listed as “active” for sale in the CHS Regional MLS database at the end of June—representing the first increase in available inventory since April 2020.
May Adjustment
Preliminary data showed 2,173 homes sold in May in the Charleston region at a median price of $349,000. Updated data now shows 2,185 sales at a median price of $348,795.
Berkeley County
690 homes sold at a median price of $287,500 in Berkeley County in June, 609 single-family homes and 81 condos/townhomes.
Year-to-date, 3,037 single-family homes have sold at a median price of $325,000. Today’s report shows a 41% increase in sales and a 17% increase in median sale price. 394 condos/townhomes have sold at a median price of $216,995 so far this year—a 21% increase in sales and 14% increase in price.
There are currently 308 residential properties for sale in Berkeley County; 279 single-family homes and 29 condos/townhomes.
Charleston County
1,189 homes sold at a median price of $399,200 in Charleston County in June, 873 single-family homes and 316 condos/townhomes.
Year-to-date, 4,252 single-family homes have sold at a median price of $492,000. Today’s report shows a 26% increase in sales and 25% increase in median sale price. 1,592 condos/townhomes have sold at a median price of $280,000 so far this year—a 45% increase in sales and 12% increase in pricing.
There are currently 836 residential properties for sale in Charleston County; 586 single-family homes and 250 condos/townhomes.
Colleton County
33 homes sold at a median price of $236,900 in Colleton County in June, 30 single-family homes and 3 condos/townhomes.
Year-to-date, 178 single-family homes have sold at a median price of $295,000. Today’s report shows a 13% increase in sales and 56% increase in median sale price. 27 condos/townhomes have sold at a median price of $228,000 so far this year—a 17% increase in sales and 10% decline in pricing.
There are currently 48 residential properties for sale in Colleton County; 48 single-family homes and no condos/townhomes.
Dorchester County
446 homes sold at a median price of $271,988 in Dorchester County in June, 368 single-family homes and 78 condos/townhomes.
Year-to-date, 1,858 single-family homes have sold at a median price of $303,000. Today’s report shows a 21% increase in sales and 14% increase in median sale price. 305 condos/townhomes have sold at a median price of $217,900 so far this year—a 46% increase in sales and 15% increase in pricing.
There are currently 214 residential properties for sale in Dorchester County; 178 single-family homes and 36 condos/townhomes.
