Our Charleston Market Is Gathering Momentum

Charleston Real Estate Video Blog with Dave Friedman

The latest numbers are a positive sign for our Charleston market. Welcome to your July 2021 market update! Let’s take a look at the latest residential activity in Charleston. As of the recording of this video, the number of active listings has decreased 46% compared to the previous year, but it’s remained unchanged compared to the previous month. This smaller inventory means that buyers who waited to buy may have a smaller selection to choose from. The median listing price stands at just over $415,000. Compared to last year, the average days of units spent on the market before getting sold has dropped 56%. This decrease signals a positive trend in the local inventory turnover rate. The median sales price, meanwhile, stands at $342,000. The number of units sold has decreased 1% year over year but increased 5% month over month. This upward sales trend indicates positive momentum. If you have questions about these numbers or there is anything we can help you with, don’t hesitate to call or email us. We’d love to help you.