BERKELEY COUNTY HOUSING MARKET DATA

There was an increase in total units sold in May, with 251 sold this month in Berkeley County Real Estate versus 237 last month, an increase of 6%. This month's total units sold was higher than at this time last year, an increase of 8% versus May 2024.

Versus last year, the total number of homes available this month is lower by 92 units or 19%. The total number of active inventory this May was 390 compared to 482 in May 2024. This month's total of 390 is lower than the previous month's total supply of available inventory of 412, a decrease of 5%.

Last May, the median sale price for Berkeley County Homes was $315,857. This May, the median sale price was $300,000, a decrease of 5% or $15,857 compared to last year. The current median sold price is 5% lower than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 1.6 months of supply available in Berkeley County, compared to 2.1 in May 2024. That is a decrease of 25% 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.

This month there were 290 homes newly listed for sale in Berkeley County compared to 354 in May 2024, a decrease of 18%. There were 245 current contracts pending sale this May compared to 235 a year ago. The number of current contracts is 4% higher than last May.

In May, the average sale price in Berkeley County was 99.2% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 32, higher than the average last year, which was 29, an increase of 10%.





FOCUS ON: BERKELEY COUNTY HOUSING MARKET			MAY 2025

Units Sold 251	Active Inventory 390	Median Sale Price $300,000	Days On Market 32

Up 8% Vs. Year Ago	Down -19% Vs. Year Ago	Down -5% Vs. Year Ago	Up 10% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 251 sold this month in Berkeley County Real Estate versus 237 last month, an increase of 6%. This month's total units sold was higher than at this time last year, an increase of 8% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 92 units or 19%. The total number of active inventory this May was 390 compared to 482 in May 2024. This month's total of 390 is lower than the previous month's total supply of available inventory of 412, a decrease of 5%.
		Median Sale Price Last May, the median sale price for Berkeley County Homes was $315,857. This May, the median sale price was $300,000, a decrease of 5% or $15,857 compared to last year. The current median sold price is 5% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 290	Current Contracts 245	Sold Vs. List Price 99.2%	Months of Supply 1.6

Down -18% Vs. Year Ago	Up 4% Vs. Year Ago	Down -0.7% Vs. Year Ago	Down -25% Vs. Year Ago


		Months of Supply In May, there was 1.6 months of supply available in Berkeley County, compared to 2.1 in May 2024. That is a decrease of 25% 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.
New Listings & Current Contracts This month there were 290 homes newly listed for sale in Berkeley County compared to 354 in May 2024, a decrease of 18%. There were 245 current contracts pending sale this May compared to 235 a year ago. The number of current contracts is 4% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Berkeley County was 99.2% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 32, higher than the average last year, which was 29, an increase of 10%.



	*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.