Kris Higman
Coldwell Banker Realty

Charleston Trident Association of Realtors Market Reports

This page provides information to the Charleston area market reports that will allow you to see, on a monthly basis, what is happening in the local housing market. In addition, I have pulled specific median sales price data (below in an interactive graph) for Mount Pleasant (zip codes 29464 and 29466), as one of the more bustling areas for buyers and sellers, in comparison to the overall market activity throughout the Charleston area. Keep in mind that these statistics include all sales, price ranges, and housing types within the given market locations.  

See below for statistical housing market data by month and the corresponding Monthly Market Reports, provided by the Charleston Trident Association of Realtors (CTAR). Data is released by CTAR mid-month for the month prior.

January 2021

And so the rush of sales continues...per CTAR, 1,421 homes sold in January in the Charleston region at a median price of $314,900, whereas last January, 1,165 homes sold at a median price of $287,545. This data reflects an overwhelming 22% increase in sales and nearly 10% growth in median price over 2020 figures.  Of course, this is also driven by the fact that inventory data shows 71% fewer homes for sale over the last 12-month period, with only 2,062 homes listed as “active” for sale in the CHS Regional MLS database at the end of January (representing only 1 month of available inventory), a new record low. For more details on the January real estate statistics, please see the January 2021 Market Report.

December 2020

“2020 was a record-breaking year for our market, despite the challenges of COVID, unexpected unemployment and economic uncertainty on the federal level” said 2021 CTAR President, Rusty Hughes. In just the month of December, 2,058 homes sold in the Charleston region at a median price of $314,500 according to preliminary CTAR data. During the course of the year, nearly 22,000 homes (21,826 to be exact) changed hands at a median price of $300,000 in the region. In 2019, 18,615 homes sold at a median price of $277,765. This reflects 17% growth in the number of homes sold and an 8% increase in median price over 2019 figures! Inventory data shows 56% fewer homes for sale over the last 12-month period, with 2,440 homes listed as “active” for sale in the CHS Regional MLS database at the end of the year—representing just 1.3 months of available inventory, a new record low. For sellers who are on the fence about listing their property, now is the time! For more information, please see the December 2020 Market Report.

November 2020

Over 1,800 homes sold throughout the Charleston region in November - 1,816 to be exact - at a median price of $319,000 according to preliminary data released by CTAR.Year-to-date, 19,737 homes have changed hands at a median price of $300,000. At the same point last year, 17,044 homes had sold at a median price of $278,000. So far in 2020, the number of closed sales increased by nearly 16% and median price is 8% higher. Shockingly, inventory data shows 53% fewer homes for sale over the last 12-month period, with only 2,853 homes listed as “active” for sale in the CHS Regional MLS database at the end of November. This represents just just 1.5 months of available inventory, which is a new record low! With numbers like these, it's no doubt that the National Association of Realtors® (NAR) named Charleston/North Charleston as a “Top 10 Market” that has shown resilience during the pandemic period and is expected to perform well in a post-COVID-19 environment. For further details, please see the November 2020 Market Report,

October 2020

CTAR reported 2,098 homes sold in October in the Charleston region at a median price of $317,454. Since January 1, 2020, nearly 18,000 homes (17,867 homes to be exact) have changed hands at a median price of $299,000, whereas 15,694 homes sold at a median price of $278,815 by this same point last year. Therefore, the number of 2020 closed sales has increased by nearly 14% and median price is 7% higher. CTAR inventory data shows 50% fewer homes for sale than this time last year with 3,062 homes listed for sale in the market at the end of October. A record low - this level represents only 1.6 months of available inventory. For more information, please see the October 2020 Market Report.

September 2020

During the month of September, 2,067 homes sold in the Charleston region at a median price of $310,000 according to preliminary data released today by CTAR. Year-to-date, 15,741 homes have changed hands at a median price of $295,807. At this point last year, 14,308 homes had sold at a median price of $279,000. Thus far in 2020, closed sales are up 10% and median price has increased by 6%. Certainly part of this increase is due to continued low inventory. CTAR data shows 46% fewer homes for sale over the last 12-month period, with 3,375 homes listed as “active” for sale in the CHS Regional MLS database at the end of September, which represents less than 2 months of available inventory. Worth noting, “September home sales showed incredible growth over last year’s figures, a 46% increase compared to September 2019” said 2020 CTAR President Bobette Fisher. “We have been very lucky to avoid any significant weather-related market interruptions that we have run into the last few years, but the September data is a continuation of this year’s unprecedented growth. In our region, home sales have not dipped below the 2,000 mark since June--setting a new pace for sales in our market and it’s happening despite historically low inventory” said Fisher. “We now have less than two months of available inventory, which has created an incredibly competitive market for buyers” she said. “Inventory has been on a steady decline for several years, as median price has continued to steadily increase. We have long considered affordability to be a concern in our market, and are taking steps to ensure that our market does not become inaccessible to those who want to live in the region and be a part of our communities” said Fisher. For further statistical data, please see the September 2020 Market Report.

August 2020

Over 2,000 homes sold in August (2,056 to be exact) in the Charleston region at a median price of $315,000 per preliminary data released by CTAR. Year-to-date, 13,661 homes have sold at a median price of $295,000. In comparison to the same time last year, 12,895 homes sold at a median price of $278,500. So far in 2020, closed sales and median price have both increased by 6%. However, inventory data is still far below normal levels and results show 44% fewer homes for sale over the last 12-month period, with 3,522 homes currently listed as “active” properties for sale in the CHS Regional MLS database at the end of August; this represents just 2 months of available inventory, thereby making it a "seller's market", once again. For more information, please see August 2020 Market Report.

July 2020

Despite a national pandemic, the Charleston area housing market remained strong in July with 2,400 homes sold at a median price of $305,000 according to preliminary data released by CTAR. July’s home sales mark the largest number of sales recorded in the Charleston region and a nearly 32% increase over last July, when 1,824 homes sold at a median price of $278,450. Year-to-date data for July shows that 11,576 homes sold at a median price of $290,515. At the same point last year, 11,051 homes had sold at a median price of $277,548. Year-to-date data also showed that both the number of sales and median price increased by 5%; however, inventory data continued to show a decline in listings as there were 38% fewer homes for sale over the last 12-month period, with only 3,890 homes listed for sale in the region at the end of July, representing just 2.3 months of available inventory. For a detailed view of the month's data, please see July 2020 Market Report.

June 2020

In June, 2,043 homes sold in the Charleston region at a median price of $288,000 according to preliminary data released by CTAR, which is nearly a 6% increase over last June, when 1,933 homes sold at a median price of $285,000. Year-to-date, 9,155 homes have sold at a median price of $289,000, whereas at this same time last year, 9,226 homes had sold at a median price of $277,500. While year-to-date sales are down just under 1%, the median price has increased by 4%. Inventory continues to be low with data showing 35% fewer homes for sale over the last 12-month period. There were 4,140 homes listed as “active” for sale in the region at the time of the June report statistics. For more information, please see June 2020 Market Report

May 2020

In May, 1,489 homes sold at a median price of $288,325 in the Charleston region according to preliminary data by CTAR. Last May, 1,906 homes sold at a median price of $285,000. The lack of sales for this particular month is not surprising considering the global, and therefore, regional pandemic concerns. Year-to-date, 7,100 homes have sold at a median price of $289,245. At this point last year, 7,293 homes had sold at a median price of $275,000. Despite the pandemic, total sales volume is only down 2.6% this month, but this data does show a median price increase of 5%. Surely, some of that has to do with continued low inventory. There were 29% fewer homes for sale over the last 12-month period, with 4,614 homes listed as “active” for sale in the CHS Regional MLS database at the end of May. For more information, please see May 2020 Market Report.

April 2020

No doubt, COVID-19 has had an impact on the real estate industry. Per CTAR statistics, only 1,441 homes sold in April in the region, while last April, 1,608 homes sold. However the median price has increased from $270,713 a year ago to at a median price of $290,000 currently. Overall, year-to-date sales are up 4% and median price has increased by 7%. Certainly supply and demand continues to play a role as inventory data shows 24% fewer homes for sale over the last 12-month period, with 4,860 homes listed as “active” for sale in the CHS Regional MLS database at the end of April. For more detailed information, please see April 2020 Market Report.

March 2020

Per CTAR reports for March statistics, 1,672 homes sold during the month at a median price of $287,045, whereas a year ago, 1,577 homes sold at a median price of $275,045. So far this year, over 4,000 homes have sold at a median price of $289,595 in the region, which is a 10% increase in the number of sales and a 7% increase in pricing since the same time last year. Inventory continues to be down, 22% since last March. COVID-19 continues to be a larger influence on the market stats, both nationally and regionally; there will surely be a sharp decrease in next month's stats regarding number of sales and active listings. For more info on March data, please see March 2020 Market Report.

February 2020

Certainly we have entered new territory as the nation and the world begin to tackle COVID-19 and the related concerns. That said, per CTAR data results, closed sales were up over 4% and sales prices increased by nearly 11% to a median price range of $295,000. As the lower inventory trend continues, down nearly 23% from this time last year, stats show that demand is still higher than the supply in the region; however, Days on Market were up slightly by 11% to 69. For more details, please go to the February 2020 Market Report.

January 2020

In January, closed sales were up almost 21% from the year prior with 1,148 homes sold in the Charleston region at a median price of $287,523 according to preliminary data released today by CTAR. Last January, during the government shutdown, 952 homes sold at a median price of $265,925. While sales were up, inventory was down 19% from this time last year with just over 4,800 homes listed for sale in the tri-county MLS. For a more complete look at the January data, please see the January 2020 Market Report.

2019 - Year in Review

Like annual reports of the past, this Charleston Trident Area Market Report details all market activity and 5-year trends for the full MLS database, including basic metrics like median price, sales and days on market as well as breakout analysis for property types, distressed properties and new vs. existing homes. For details on 2019 stats in the Charleston region housing market, please visit the 2019 Annual Market Review. 

December 2019

According to CTAR, in December 2019, 1,554 homes sold throughout the tri-county region at a median price range of $275,000. While sales price only increased .7% from this time last year, closed sales increased by nearly 20% even though inventory was 17% lower with only 4,796 properties listed for sale on the market during that time. New listings were up by 5.4% and pending sales increased by nearly 22%. Days on Market vary per area, but overall increased by 7.5% to 57. For more data, please see the December 2019 Market Report.

November 2019

In November, 1,332 homes sold throughout the Charleston region at a median price of $268,000 as stated by CTAR. In comparison, last November, 1,301 homes sold at a median price of $268,453, not much of a difference on either volume or price point when looking at the specific monthly comparisons. However, this year’s 17,010 closings show transactions up almost 1% and median price up 5%, to $277,900 for the region. The biggest take away from this month's data is that there are 17% fewer homes for sale than at this same point last year, with 5,265 homes listed as for sale in the CHS Regional MLS database at the end of November. For more information, see November 2019 Market Report.

October 2019 

1,376 homes sold in October in the Charleston region at a median price of $271,973 according to preliminary data released today by CTAR. Last October, 1,377 homes sold at a median price of $259,585. This year’s 15,667 closings show transactions up half a percent and median price up 5%, to $278,603 for the region.  There are 14% fewer homes for sale than at this point last year, with 5,461 homes listed as “active” for sale in the CHS Regional MLS database at the end of October. For more information, see October 2019 Market Report.

September 2019 

1,406 homes sold in September in the Charleston region at a median price of $285,000 according to preliminary data released today by CTAR. Last September, 1,244 homes sold at a median price of $276,500. This year’s 14,281 closings show transactions up half a percent and median price up 5%, to $279,000 for the region. There are nearly 9% fewer homes for sale than at this point last year, with 5,585 homes listed as “active” for sale in the CHS Regional MLS database at the end of September. For more information, see September 2019 Market Report.

August 2019 

According to CTAR, 1,800 homes sold in August at a median price of $285,000 compared to last August, where 1,887 homes sold at a median price of $260,400.  While total number of closings this year (12,835) is down by 1%, the median price has increased by 5% to $278,799 for the region. Inventory still down, there are nearly 10% fewer homes for sale than at this point last year, with 5,512 homes listed as “active” for sale in the CHS Regional MLS database at the end of August. For more information, please see the August 2019 Market Report.

July 2019

In July, just over 1,800 homes sold in the Charleston region at a median price of $277,950 according to preliminary data released today by the CTAR. In July of 2018, 1,696 homes sold at a median price of $266,900. This year’s 11,021 closings show transactions down half a percent and median price up nearly 5%, to $277,500 for the region. Inventory is about 6% lower than it was at this point last year, with 5,634 homes listed as “active” for sale in the CHS Regional MLS database at the end of July. For additional information, go to July 2019 Market Report.

June 2019

Over 1,900 homes sold in June (1,923) at a median price of $289,798 according to initial data from CTAR, compared to last June, which showed a total of 1,949 homes that sold at a median price of $270,039. Similar to last month, year-to-date sales volume is 2% behind where it was in 2018, while median price is up 4.6%. So far this year, 9,201 homes have sold at a median price of $277,228, while last year, 9,386 homes had sold at a median price of $265,000. With 5% fewer homes for sale compared to last year, there are 5,731 homes listed for sale in MLS at the end of June. For more info, see June 2019 Market Report
 
May 2019

In May, 1,882 homes sold in the Charleston region at a median price of $285,000 according to preliminary data released by CTAR. Last May, 1,828 homes sold at a median price of $274,000. While the number of sales increased for this particular month, year-to-date sales volume was 2.4% behind where it was in 2018, while median price was up 4%. Since the beginning of 2019, 7,258 homes have sold at a median price of $275,000. Last year for the same time period, 7,436 homes had sold at a median price of $264,103. Inventory data continues to show a decline in comparison to last year, in fact, 2.5% fewer homes for sale compared to last year, with 5,809 homes listed for sale in the CHS MLS database at the end of May. For more details, see the May 2019 Market Report

April 2019

In April, 1,595 homes sold in the region at a median price of $270,000 according to CTAR, whereas last year this time, more homes sold (1,637) at the same median price of $270,000. Year-to-date, sales volume is about 4% behind where it was in 2018, while median price is up 3.4%. So far this year, 5,365 homes have sold at a median price of $270,000. Last year, 5,608 homes had sold at a median price of $261,166. Inventory data shows 2% fewer homes for sale with 5,758 homes listed for sale in the CHS MLS database at the end of April. For more details, see the April 2019 Market Report.

March 2019

In March, 1,561 homes sold in the Charleston region at a median price of $275,000 per CTAR. Last March, 1,717 homes sold at a median price of $257,580. Year-to-date, sales volume is about 5% behind where it was in 2018, while median price is up 4%. Since January 1, 2019, 3,760 homes have sold at a median price of $270,000. And while last year, more homes sold by the same point (3,971), they sold at a median price lower price of $259,050. Inventory is down by 3.3%, with 5,654 homes listed as “active” in the Charleston Trident Multiple Listing Service CTMLS at the end of March. To see a more detailed report, visit March 2019 Market Report.

February 2019

In February, 1,239 homes sold in the Charleston region at a median price of $265,000 according to preliminary data released by CTAR, compared to last February, where 1,133 homes sold at a median price of $257,580.  Year-to-date, sales volume is about 3% behind where it was in 2018, while median price is up 3%. So far this year, 2,191 homes have sold at a median price of $265,850, while last year, 2,254 homes had sold at a median price of $258,000. Inventory data shows 3.4% fewer homes for sale over the last year; 5,416 homes are currently listed for sale in the region. For more details, please February 2019 Market Report 

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Kris Higman

Whether you're a first-time home buyer in search of your dream home, a seller looking to downsize or an investor looking for a great opportunity, working with a dedicated real estate professional can make all the difference.

I deliver unmatched customer service, and my genuine desire to see your property goals come true makes me the go-to resource for all your real estate needs. For sellers, I take full advantage of Coldwell Banker's® marketing tools to ensure that your property is broadly promoted on a variety of channels, including major real estate websites, and my negotiation skills are second to none. For buyers, I effectively analyze the local market and target trends to help you find the perfect home at the right price.

If you're looking for a positive, helpful partner who is ready to provide you with exceptional service, let's talk today!

Charleston Trident listings last updated Mar 7, 2021 9:10:pm.