Charleston Market Stats Through April 2022
“The average 30-year fixed rate mortgage exceeded 5% in April, the highest level since 2011, according to Freddie Mac. Affordability challenges are limiting buying activity, and early signs suggest competition for homes may be cooling somewhat. Nationally, existing home sales are down 2.7% as of last measure, while pending sales dropped 1.2%, marking 5 straight months of under contract declines, according to the National Association of REALTORS®. Inventory remains low, with only 2 months supply at present, and home prices continue to rise, with the median existing home at $373,500, a 15% increase from this time last year. Homes are still selling quickly, however, and multiple offers are common in many markets.” ~ Charleston Trident Association of REALTORS® (CTAR)
Median Sales Price
Check out the stats for specific areas by clicking the links below:
Trending This Month
1410 East Ashley Avenue, Folly Beach
3 Bedrooms, 3 Full Baths, 2062 Sq Ft | Offered for $2,150,000
Welcome to the Blue Pelican! Uniquely perched with incredible views of the Atlantic Ocean and the Folly River, this classic beach home has been lovingly maintained and boasts an impressive vacation rental history. This sale also includes a second parcel on the Folly River, which is extremely rare. In addition to the unobstructed views, there is endless potential for this lot. This charming home boasts a recently updated kitchen and refinished original hardwood floors. The large master bedroom also shares impressive views of the marsh and river. Enjoy looking out over the Washout from the front porch or at the view of the Folly River from the screened in back porch. The beloved “Washout” is just a few steps away and a quick ride on a bike or golf cart will take you to Center Street to enjoy all of Folly Beach’s restaurants and shops. For more photos & information, visit bit.ly/1410EAshleyAve.