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The real estate market in Charleston has literally never been busier! We just hit a record for activity, and more than 400 homes went under contract in one week.
Inventory levels are very low right now, which means that sellers will have the advantage and be able to sell their homes for a nice profit. Buyers may find it hard to find a home, but they will find comfort that prices are rising moderately and interest rates are still very, very low.
The dollar per sq. ft. prices are still 5-10% below the peak of 2005-2007, which is a good sign of market recovery. Our median sale price is sitting right around $220,000.
Transactions have increased 94% year-to-date since 2014, which is unbelievable!
We are likely to see more than 14,000 transactions before the year is over. If you're interested in buying or selling a home in Charleston, now is the time to do so.
