We told you this was coming 2 months ago!
Charleston Area Residential Real Estate Sales Surge to New Record High in July
2,400 homes sold in July in the Charleston region at a median price of $305,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). July’s home sales mark the largest number of sales recorded in the Charleston region and a nearly 32% increase over last July, when 1,824 homes sold at a median price of $278,450.
Year-to-date, 11,576 homes have changed hands at a median price of $290,515. At this point last year, 11,051 homes had sold at a median price of $277,548. Year-to-date, sales are now up almost 5% and median price has also grown by 5%.
Inventory data shows 38% fewer homes for sale over the last 12-month period, with 3,890 homes listed as “active” for sale in the CHS Regional MLS database at the end of July—representing just 2.3 months of available inventory.