Following Reopening, Charleston's Real Estate Sales & Prices Increase in June

Posted By Gracen Tilton @ Jul 15th 2020 5:45pm In: Charleston SC Real Estate

“As we expected, closings followed the showing data from last month and we saw a healthy increase in sales during the month of June” said 2020 CTAR President Bobette Fisher. “In June, the Charleston region had reopened and the pent-up demand from the stay at home home orders + historically low rates turned into closed transactions” she said. Total showings for the region gained ground again in June, with 33,633 showings—an increase of 13% compared to June 2019. The areas with the highest number of showings were again concentrated in Summerville/Ladson, Goose Creek and North Charleston.

2,043 homes sold in June in the Charleston region at a median price of $288,000 according to preliminary data released today by CTAR. This data represents a nearly 6% increase in comparison to June 2019, when 1,933 homes sold at a median price of $285,000.

Year-to-date, 9,155 homes have changed hands at a median price of $289,000. At this point last year, 9,226 homes had sold at a median price of $277,500.

Year-to-date, sales are down just under 1% and median price has increased by 4%.

Gracen Tilton | Marshall Walker Real Estate | 582 Rutledge Avenue | operations@marshallwalker.com | 803-549-6318

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