Summerville SC Real Estate Market Report

January 2020- What Happened in Summerville SC Real Estate Last Month?

Summerville Real Estate Market Conditions

According to our Summerville real estate market reports, we now have 9% less homes for sale in Summerville then we did this time last year and the average sales price for homes in Summerville has risen to $274,665, which is 2%  up from this time last year. 

We saw  332 homes for sale in Summerville sell after an average of 38 days on the market. The number of days it takes for a home to sell in Summerville has gone down by 24% from this time last year. 
We are still quite low with the months supply of homes for sale in Summerville  as the chart below indicates clearly.The average price per square foot in Summerville has risen to $130/square foot last month.



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 far below 2.5 months supply of homes for sale in Summerville , which indicates a strong sellers market.

   


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Foster Smith
Foster Smith
Realtor
900 North Main st Summerville SC 29483