Continuing the upward tick, the Charleston Real Estate Market is healthy and hot. In August, new listings were up 3.7 percent to 1,774. Pending Sales increased 38.0 percent to 1,697. Inventory shrank 15.7 percent to 5,647 units. Prices moved higher as Median Sales Price was up 1.7 percent. Days on Market decreased 32.4 percent to 50 days, the twelfth consecutive month of year over year declines. Months Supply of Inventory was down 30.5 percent to 4.1 months, the twelfth consecutive month of year-over-year declines.
Charleston Area Market Statistics through August 2015Upper Charleston Lower Charleston Mount Pleasant – South of IOP Connector Mount Pleasant – North of IOP Connector Folly Beach Isle of Palms and Wild Dunes Sullivans Island Kiawah & Seabrook Islands