August was an extremely fast paced month in real estate in Summerville! Usually, real estate is slowing down because of the heat and back to school preparations, but my team saw six listings go under contract in August and sales were up company wide. The total number of houses sold capped out at 367 last month, with an average sales price of $222,428. The average days on the market was 47 days, with the median day on the market at 14. Two of my listings went under contract within a week of being on the market! There are currently only 772 homes for sale in Summerville, which is 32.8% less than we had on the market this time last year. This decrease in supply and uptick in demand is part of the reason homes are moving more quickly. In the right price ranges, it is a sellers market in Summerville, SC.
It is more important than ever to work with an experienced and knowledgeable agent in the Summerville area. Buying a home at the right price and knowing the factors that impact the resale value of your home is vital. My team is privy to listings before they come on the market and can keep our eyes and ears open for you. Make sure you are receiving emails daily from me of listings that are coming on the market that meet your criteria.
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. Learn more about the top things that impact the value of your home in Summerville and with the decrease in inventory, you may be surprised how quickly your home may sell when priced correctly and marketed by the Foster Smith Team.