NEW SALES – Pending – There were 1,566 new written sales in February 2025, up 6.0% versus February of 2024.
CLOSED SALES – There were 1,250 closed sales in February of 2025, down 6.3 % from February of 2024
SALES PRICE – The Median sales price closed out at $419,839 in February 2025, up +4.2% over February of 2024 and the average sales price for January 2024 was $647,055, up+12.2%.
INVENTORY – Approximately 2,153 new listings came online in February 2025, which is up +5.2% from February 2024 and the average Days on Market was at 59, up +37.2% from February of 2024 with 3 months of inventory (up 25%)
PRICE PER SQFT – The median price per sqft closed out a $227 for February of 2025, up 6.6%
Closed sales were down year over year but new written sales were up about 6%, which is an indicator of future closed sales. Inventory is improving giving buyers more choice with just modest price gains. Overall, we have positive indicators for the Spring Market!
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Real Estate Matters in Charleston SC - Gena Glaze 