Just the Stats: What Happened Last Month in Real Estate in Summerville, SC? March 2020

The Summerville Real Estate Spring Market has arrived! Our current reports continue to show a strong seller’s market. According to our Summerville real estate market reports, we now have 16% less homes for sale in Summerville then we did this time last year and the average sales price for homes in Summerville last month closed out at $276,727, which is 8%  up from this time last year.

We saw  260 homes for sale in Summerville sell after an average of 56 days on the market. The number of days it took to sell a home in Summerville last month was similar to the days it took last February, however I personally had two listings hit the market and go under contract in the less than two days. At certain price points and with certain homes for sale, they are moving very quickly.

We are still quite low with the months supply of homes for sale in Summerville dipping below 2.5 months. (A balanced market averages 5-6 months of home inventory.)

The average price per square foot in Summerville held steady at $133/square foot last month due to the lack of inventory.

If 2020 is your year for selling or buying a home in Summerville, I can help!  If you need to find out how much home you can afford, visit my site to learn more. How Much House Can I afford?

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.