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Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? November 2018

After a down month in September, Summerville Real Estate returned to its normal strong numbers in the month of October. We saw 294 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 up by 14% from this time last year in 2017.  (Hear me explain why in The Fall Real Estate Market Update with Foster )

The average sales price for a home in Summerville continues to climb upwards and averaged $254,623 last month, which is up four 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 are hovering around 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 10% less homes on the market this year than we did this time last year.  The average price per square foot in Summerville has risen to around $128/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 area, new 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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This post first appeared on Summerville & Charleston SC Real Estate – J. Foster Smith, Carolina One Real Estate, please read the originial post: here

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Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? November 2018

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