Charleston MLS Stats-March 2024 Data

March’s Median sales price was $413,500, up 2.6 percent from March of 2023

Median Days on Market was 16, down 20 percent from March of 2023

Sales – Closed homes in March 2024 were down 6.8 percent compared to March 2023, possibly due to higher interest rates, but it seems that buyers that were holding out for lower rates have started taking the plunge, as evidence by the pending sales – which rose 5.9 percent year-over-year and 6.7% year-to-date, which could Indicate we are moving into a busy spring market!

New Inventory is continuing to Increase! New Listings are up 17.3 percent year-to-date. and although inventory is still constrained there is definitely more homes coming on-line to help with demand. At the end of March, we had 2.4 months of inventory, compared to 1.74 months in March of 2023.