Summerville SC Real Estate Market Update with Foster Smith

We are less than a week away from the official start of Spring in Summerville, SC!  There are 5354 Active Listings for sale in the Charleston, SC area which is down considerably from three years ago.  In 2012, there were 12,000 houses for sale in the Charleston area! As you can see the supply has decreased from three years ago and the demand has increased.

The demand for homes in the Charleston, SC area is so strong due to a number of factors but the biggest reason is that people want to live here!  With the beautiful Charleston waterfront beaches, historic Charleston homes and wonderful communities, Charleston has a lot to offer. It has been named the top destination for the fourth year in a row by Conde Naste Travelers and is ranked seventh on Forbes list of “Where the Jobs will be in 2015.”

All of these combine to make it a great time to list your Summerville Home for sale with Foster Smith.  Experts are projecting that  interest rates are going to be up to 4.5 percent by year end and right now they are hovering under 4%, so if you do want to buy a Summerville home, now may be the right move for you.

Sellers in Summerville are receiving an average of 97% of their list price which speaks to the strong stable market we are experiencing in the Lowcountry of South Carolina!  If you would like to discuss your Summerville Home and what it is worth in our market today, please email me for more information or fill out this form.


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