06/13/2024
🏡 Charleston Year to Date Market Update! 📊
👋Adam Barks with EXP Realty, bringing you the latest YTD stats for our beautiful Charleston area:
- Transactions are UP by 3.2% compared to the same period in 2023!😃
📈 Notable areas with significant increases: Johns Island (23), Peninsula Charleston Inside of Crosstown (51), Summerville/Ridgeville (63), Hanahan Area (71), G.Cr/M.Cor Hwy52-Oakley-Cooper Riv (72), Summerville/Ladson/Berkeley County (74), Moncks Corner Area above Oakley Rd. (76), Daniel Island (77)
📉Areas with a decrease in transactions: West of the Ashley Outside I-526 (12), James Island (21), North Charleston Inside I-526 (31), N.Chas/Summerville/Ladson-Dor (61), G. Cr./M. Cor. Hwy 17A-Oakley-Hwy 52 (73), Cross/St. Stephen/Bonneau/Rural Berkeley Cty (75), Wando/Cainhoy Area (78)
🎯 Median sales price has risen by 3.1%, now at $425K!
- Areas with substantial increases: West of the Ashley Inside I-526 (11), West of the Ashley Outside I-526 (12), James Island (21), North Charleston Inside I-526 (31), N. Charleston/Summerville/Ladson Outside I-526 (32), Mt Pleasant North of IOP Connector (41), Mt Pleasant South of IOP Connector (42), Peninsula Charleston Inside of Crosstown (51), G.Cr/M.Cor Hwy52-Oakley-Cooper Riv (72), Summerville/Ladson/Berkeley County (74), Daniel Island (77)
- Areas with decreases in median sales price: Cross/St. Stephen/Bonneau/Rural Berkeley Cty (75), Moncks Corner area above Oakley Rd. (76), Wando/Cainhoy Area (78)
🎯 Months of Inventory (MOI) is at 2.3 months. A balanced market is typically around 6 months.
- 24 areas have less than 4 MOI.
- 11 areas have more than 100 active listings.
Check out the detailed chart for more insights. Let’s talk about how these trends impact your buying or selling plans! 🏠📈
