Summerville SC Real Estate Market Report

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

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Here is what happened last month with homes for sale in Summerville, SC.

According to our Summerville real estate market reports, we now have 11% less homes for sale in Summerville then we did this time last year and the average sales price for homes in Summerville crept up to $273,476 which is 3%  up from this time last year.

We saw 259 homes for sale in Summerville sell after an average of 45 days on the market. The number of days it takes for a home to sell in Summerville has gone up by 13% from this time last year in 2018.

We have 11% less homes on the market this year than we did this time last year.  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 below 2.5 months supply of homes for sale in Summerville 

   


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