Summerville SC Real Estate Market Report

Real Estate Market Conditions for Summerville, SC

Home Prices in Summerville, SC for May 2017

May has arrived and we saw a slight downturn in homes for sale in Summerville  compared to this time last year. According to our Summerville real estate market reports, we have 31% less homes for sale in Summerville then we did this time last year. There are currently only 704  homes for sale in Summerville, SC

This lack of real estate for sale in Summerville, SC has placed us squarely in a seller’s market and continues to drive Summerville prices up and place a large demand on new homes for sale in Summerville SC

The average price per square foot in Summerville is up to $113/square foot.

Now, more than ever, it is important to be incredibly smart as a buyer. Ensuring that you are working with an experienced Summerville realtor will save you headache and heartache when you try to purchase a home. In a seller’s market, it is easy to get caught up in the rush of the moment when you are making an offer. You need someone on your side who has done the research, knows the market and can help you make strong solid offers in a timely fashion.

We continue to have only 2 months supply of homes for sale in Summerville.  Not sure what "months supply of homes for sale" means,  learn more in this article about What drives home prices up in the Summerville Real Estate Market.

Summerville Real Estate Report Summary

The average sales price in March for single family homes in Summerville was $232,634. The sales price increased by 4% from April 2016.

The price per square foot for homes in Summerville held at $113.

 

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Foster Smith
Foster Smith
Realtor