September Charleston Area Stats Update

September Charleston Area Stats Update

CHARLESTON, SC—(September 14, 2017) According to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR) 1,694 homes sold in August in the region at a median price of $244,867, reflective of a 3% decline in sales and 1% growth in median sales price as compared to last August, when 1,750 homes sold at a median price of $241,564.

The year-to-date growth rates of sales and price are slowing slightly but still show strong increases over last year. 12,670 homes have sold in the region at a median price of $250,000 thus far in 2017. Sales volume has increased about 5% compared to 2016, with homes selling for about 4% more than they did at this point last year.

“The lack of inventory in the price ranges with the most demand is showing its impact on our market, particularly in Charleston County” said 2017 CTAR President Dave Sansom. “For several months, sales data has not shown the frenzied pace we were seeing earlier in the year and could be a trend towards a more measured pace going forward” he said.

5,278 homes were listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) at the end of the month, down 17% from 2016 levels.

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Phone: 843-513-3741
Dated: September 22nd 2017
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