Summerville SC Real Estate Market Update with Foster Smith- October 2018

Written by Posted On Tuesday, 02 October 2018 19:03

Summerville SC Real Estate Market Update Last month we prepared as Hurricane Florence barreled toward the South Carolina coast and most of our area evacuated and life came to a standstill for around a week.  Many of us remember Hurricane Hugo in 1989 and the lasting impact it had on our town and lives. As a result, Summerville was quiet for many days during September. We are praying and working to support our neighbors further up the coast that did get the impact of the Hurricane this time around.

The break in September due to the Hurricane had a significant impact on real estate as the number of houses sold last month was down by 21 % compared to last year. We saw 238 homes for sale in Summerville sell after an average of only 40 days on the market. The number of days it takes for a home to sell in Summerville has gone down by 13% from this time last year in 2017.  The average sales price for a home in Summerville continues to climb upwards and averaged $265,782 last month, which is up nine percent compared to this time last year. According to our Summerville real estate market reports, we've dropped under 2.5 months supply of homes for sale in Summerville . According to our Summerville real estate market reports, we've dropped under 2.5 months supply of homes for sale in Summerville .

This lack of homes for sale in Summerville, SC continues to drive our seller’s market and Summerville prices up  continue to move up. 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 stayed around $124/square foot.

I can help you if you are interested in seeing real estate for sale in Summerville, SC ,  buying a home in the Summerville areanew home in Summerville , a historic home in Summerville or selling your Summerville home. If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.


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Foster Smith

I have enjoyed helping people relocate to the Lowcountry of South Carolina and buy homes for sale in Summerville for most of my life. I specialize in assisting and educating my clients on the area so they can make the wisest decision for the future of their family and their economic future.

 At  you will find all of the information you need regarding real estate for sale in Summerville, SC & Charleston, SC.  Featuring direct access to the Summerville & Charleston Multiple Listing Service (MLS), New Homes for Sale in Summerville, featured Summerville Subdivisions, 55 and Older Communities near Charleston, resources for military families, Summerville and Charleston Golf Communities, Charleston Waterfront Properties, and Historic homes for sale in Summerville and Historic homes for sale in Charleston, SC.

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