Summerville SC Real Estate Market Report

January 2019- What Happened in Summerville SC Real Estate Last Month?

Real Estate Market Conditions in Summerville, SC

Happy New Year! 2019 is now upon us and it always helps to look back and see what happened last month with homes for sale in Summerville

We saw 278 homes for sale in Summerville sell after an average of 49 days on the market. The number of days it takes for a home to sell in Summerville has gone up by 4% from this time last year in 2017.  (Hear me explain why in The Fall Real Estate Market Update with Foster )

The average sales price for a home for sale in Summerville continues to climb upwards and averaged $272,606  last month, which is up five percent compared to this time last year. According to our Summerville real estate market reports, we have dipped under 2.5 months supply of homes for sale in Summerville .




The average price per square foot for a home in Summerville has risen to $128.



The demand for homes for sale in Summerville has greatly increased as more people move to the Charleston, SC area and, as a result, homes are moving quickly. The real estate market has seen a tremendous increase in new homes for sale in Summerville as the demand grows and the supply of resale homes dwindles.  

New home developments and master planned communities, such as Cane Bay Plantation, Nexton, and Summers Corner are meeting the needs of many people desiring to live in Summerville with amenity centers and schools within the communities.

 According to our Summerville real estate market reports, we've dropped below 2.5 months supply of homes for sale in Summerville .

 


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Foster Smith
Foster Smith
Realtor