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THE RIPPLES OF A RED HOT FEBRUARY STILL SEEN IN CLOSINGS VOLUME. FULL EFFECTS OF COVID-19 EXPECTED TO MANIFEST IN APRIL.

(April 13, 2020) - 1,672 homes sold in March in the Charleston region at a median price of $287,045 according to preliminary data released today by the Charleston Trident Association of Realtors®️ (CTAR). Year-to-date, sales are up 10% and median price has increased by 7%.

Inventory data shows 22% fewer homes for sale over the last 12-month period, with 4,921 homes listed as “active” for sale in the CHS Regional MLS database at the end of March.

“We had a lot of interest and activity from buyers prior to the onset of the COVID-19 crisis in our community. The strong activity in March positions us well for the inevitable impact of the global pandemic on our market” said 2020 CTAR President Bobette Fisher. “While we don’t yet know what that impact will look like, real estate has been classified as an essential service, and while it is far from business as usual right now, we are able to serve clients from a more virtual position and help keep at least this segment of the economy moving in a safe and positive way” she said. “One of the most immediate impacts is on our already low level of inventory, as some homeowners have taken their homes off the market temporarily, out of concern for their health and safety” said Fisher. “Charleston is in a somewhat unique position in that we continue to see buyer interest and demand in our market even as we progress through this highly unusual situation."

Click Here for Local Neighborhood Stats

2,288

New Listings

↓ 9.7%

$287,045

Med. Sale Price

↑ 4.4 %

1,677

Sold Listings

↑ 6.5%

62

Days on Market

↑ 5.1%

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