The Summerville and Charleston market finished strong in 2014 and all signs are pointing to a very strong 2015. In 2014, sales were down for the first quarter by 2%, by the second quarter they were up 8%, third up 12%, and the final quarter saw sales up by 13%. (Compared to sales in 2013)
Nationally, the inventory is still high which makes houses difficult to sell. However, on the local level in Summerville & Charleston SC Real estate, the inventory is very limited. The past four months were some of the best months that the Charleston MLS has ever seen.
In 2013, 28 % of sales were new construction, that went up to 36% in 2014. In 2013, 7% of sales were foreclosures, and that number went way down to 3.7% in 2015.
All signs point to an extremely strong 2015 in the Summerville & Charleston SC Real Estate market. South Carolina is the number two destination, interest rates are still fantastic, and we are predicting 10% growth for the Summerville area in 2015.
If you 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. Or if you are interested in buying a Summerville Home, please visit my website to browse homes for sale in Summerville or Charleston, SC.