March 2020- What Happened in Summerville SC Real Estate Last Month?
The Spring Market has arrived in Summerville Real Estate ! Our current reports continue to show a strong seller's market. According to our Summerville real estate market reports, we now have 16% less homes for sale in Summerville then we did this time last year and the average sales price for homes in Summerville last month closed out at $276,727, which is 8% up from this time last year.
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.
We are still quite low with the months supply of homes for sale in Summerville dipping below 2.5 months. (A balanced market averages 5-6 months of home inventory.)