For the past few years, we’ve watched Charleston’s real estate market thrive with strong median price increases and diminishing DOM (Days On Market). However, in the past month, our market has kicked up a noticeable notch in regards to buyer activity. Many people are calling this the strongest real estate market Charleston has ever seen.
There are currently more than 3,600 homes under contract. So far this year, there have been 3,174 properties closed. Each of the past 2 weeks has had 400+ homes go under contract, and one of these was the 2nd busiest week in MLS history.
For buyers, this translates to a very fast paced market. For example, there was a new listing on James Island this past week that had 26 showings in 1 day (the most showings