Charleston Flat Fee Real Estate and Behren Kittrell closed/sold over 40 properties in 2022
SC home sales in April slipped for 21st time in 22 months while prices continued to rise
INVENTORY INCREASES SLIGHTLY AS MEDIAN PRICE SURPASSES $500K IN CHARLESTON COUNTY
Charleston, SC – (May 29, 2023)
Home sales across South Carolina dipped in April for the 21st time in the past 22 months, plunging by double-digit percentages across every major market while the median price grew by a modest rate for the third straight month.
Residential transactions slipped about 23 percent last month to 7,204, or about 500 fewer than in 2019, the year before the COVID-19 pandemic skewed sales higher, according to preliminary data from the S.C. Realtors Association.
The median cost of a house across the Palmetto State climbed 2.5 percent in April to almost $323,000 compared to the same month a year earlier. The modest price jump comes after a 3.0 percent spike in March and 0.6 percent rise in February.
Charleston County
891 homes sold at a median price of $503,250 in Charleston County in June, 652 single-family homes and 239 condos/townhomes.
Year-to-date, 3,596 single-family homes have sold at a median price of $575,000. Today’s report shows 16% fewer sales with a 17% increase in median sale price compared to this point last year. 1,369 condos/townhomes have sold at a median price of $368,000 so far this year—15% fewer sales with a 31% increase in median price.
There are currently 1,008 residential properties for sale in Charleston County; 790 single-family homes and 218 condos/townhomes.
May 2023 Adjustment
Preliminary data showed 2,012 homes sold in May in the Charleston region at a median price of $425,000. Updated figures now show 2,032 homes sold at the same median price.
Berkeley County
619 homes sold at a median price of $353,875 in Berkeley County in June, 542 single-family homes and 77 condos/townhomes.
Year-to-date, 2,944 single-family homes have sold at a median price of $385,472. Today’s report shows a sales decline of 4% with a nearly 19% increase in median sale price. 373 condos/townhomes have sold at a median price of $278,891 so far this year—sales are 5% lower than 2021 while median price has increased by 29%.
There are currently 639 residential properties for sale in Berkeley County; 585 single-family homes and 54 condos/townhomes..
Colleton County
36 homes sold at a median price of $317,625 in Colleton County in June, 30 single-family homes and 6 condos/townhomes.
Year-to-date, 176 single-family homes have sold at a median price of $286,500. Today’s report shows a slight dip of 1% in sales with a 3% decline in median sale price compared to this point last year. 40 condos/townhomes have sold at a median price of $393,750 so far this year—sales have increased 48% compared to this point in 2021 with an 73% increase in median price.
There are currently 77 residential properties for sale in Colleton County, 74 single-family homes and 3 condos/townhomes.
Dorchester County
355 homes sold at a median price of $319,982 in Dorchester County in June, 317 single-family homes and 38 condos/townhomes.
Year-to-date, 1,682 single-family homes have sold at a median price of $360,000. Today’s report shows 10% fewer sales with a 19% increase in median sale price compared to this point last year. 196 condos/townhomes have sold at a median price of $250,000 so far this year—36% fewer sales in that market segment with a 15% increase in median price.
There are currently 339 residential properties for sale in Dorchester County; 327 single-family homes and 12 condos/townhomes.
Information provided by Behren Kittrell, Realtor, BIC Charleston Flat Fee Real Estate. Low commission fee guaranteed!
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