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| Focus On: Charleston County Housing Market | February 2023 | ||
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| Units Sold 455 |
Active Inventory 947 |
Median Sale Price $505,000 |
Days On Market 48 |
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| Down Vs. Year Ago |
Up 50% Vs. Year Ago |
Up 3% Vs. Year Ago |
Up 92% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 455 sold this month in Charleston County Real Estate. This month's total units sold was lower than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 315 units or 50%. The total number of active inventory this February was 947 compared to 632 in February 2022. This month's total of 947 is lower than the previous month's total supply of available inventory of 1,031, a decrease of 8%. |
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Median Sale Price
Last February, the median sale price for Charleston County Homes was $490,000. This February, the median sale price was $505,000, an increase of 3% or $15,000 compared to last year. The current median sold price is 8% lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 667 |
Current Contracts 612 |
Sold Vs. List Price 96.7% |
Months of Supply 2.1 |
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| Down -21% Vs. Year Ago |
Down -24% Vs. Year Ago |
Down -2.6% Vs. Year Ago |
Up 134% Vs. Year Ago |
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Months of Supply
In February, there was 2.1 months of supply available in Charleston County, compared to 0.9 in February 2022. That is an increase of 133% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 667 homes newly listed for sale in Charleston County compared to 846 in February 2022, a decrease of 21%. There were 612 current contracts pending sale this February compared to 809 a year ago. The number of current contracts is 24% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Charleston County was 96.7% of the average list price, which is 2.5% lower than at this time last year. Days on Market
This month, the average number of days on market was 48, higher than the average last year, which was 25, an increase of 92%. | |||
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Charleston County are defined as properties listed in zip code/s . | ||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by CTARMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CTARMLS or Long & Foster Real Estate, Inc. |
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