Among the cities and towns further inland, the Summerville real estate market remains strong because of its great public school system, charming small town feel, affordability, and large selection of new construction homes for sale.
Let’s look first at the absorption rate for Summerville (which our MLS categorizes as Areas 61, 62, and 63). Since this is one of the most affordable housing markets in Charleston, most homes for sale in Summerville are priced under $250K. The area’s affordability is perhaps one of the biggest draws for home buyers, so it’s no surprise that all 3 MLS areas show a sellers’ market in this price bracket. The absorption rate is 4 months. This indicates that if no new listings were to be added to the MLS, it would take 4
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