Monday, 06 April 2020

Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? February 2020

Written by Posted On Saturday, 01 February 2020 05:52

Summerville Real Estate Market Conditions

The Summerville Real Estate Market is quickly approaching the famous Spring Market and the reports continue to show a strong seller’s market. According to our Summerville real estate market reports, we now have 11% less homes for sale in Summerville then we did this time last year and the average sales price for homes in Summerville has risen to $285,401, which is 12%  up from this time last year.

We saw  278 homes for sale in Summerville sell after an average of 40 days on the market. The number of days it takes for a home to sell in Summerville has gone down by 32% from this time last year.

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.)

The average price per square foot in Summerville rose significantly to $133/square foot last month due to the lack of inventory.

If 2020 is your year for selling or buying a home in Summerville, I can help!  If you need to find out how much home you can afford, visit my site to learn more. How Much House Can I afford?

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 www.HomesofSummerville.com  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.

www.HomesofSummerville.com/
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