Q: Is the market slowing down?

Yes. This is the time of year when we typically see activity start to dip until after the holidays. Last week, 268 properties went under contract across the Charleston area. That’s a noticeable slowdown, but expected.

Q: Are luxury homes still moving?

Absolutely. Of the 216 single-family homes that went under contract last week, 37 were listed over $1 million. And 18 of those were over $2 million. So yes, high-end buyers are still very active.

Q: What’s the median price for a home right now?

The median list price for single-family homes under contract last week was $488,000, at $256 per square foot. In Mount Pleasant alone, the median hit $963,000 at $414/sqft. It’s a tale of micro-markets.

Q: What’s going on in Summerville?

Summerville and Ladson saw 37 homes go under contract last week, with a median list price of $418,000. Only two were listed under $250K. The area's sweet spot is hovering just under $200 per square foot.

Q: Where are buyers still super active?

Hanahan, Goose Creek, and Moncks Corner led the way with 60 homes under contract. Summerville zones (71–76) combined for 60 as well. The affordability in these areas continues to drive volume.

Q: Are there still deals under $300K?

Yes, but you have to dig. North Charleston saw a median of $295K, and that’s with several listings under $250K. These homes are moving fast though…don't wait if you’re looking in that range.

Q: What if I want to sell this fall?

Now is the time to prep. The buyers are still out there, but they’re getting pickier. If your home is clean, priced well, and shows like a model, you’re still in a strong position.

Q: Any trends worth watching?

Homes built around 2001 were the median this past week, and median days on market for pending homes was just 32. That tells us updated homes are selling quickly. Also worth noting: most of the new construction under contract was under 5%.

If you’re thinking about buying or selling before the holidays hit, let's talk about timing. I’ll help you make smart moves based on the actual data, not guesses. Let's talk!

~Roni