Last week Charleston set a new MLS record for properties going under contract with 542 properties in one week! This time of year, we typically see a seasonal slow down as families get ready for the start of school. The chart below shows the 2019 dip in home sales (blue line), and you can compare this year’s orange line. Also note the line showing the start of the COVID 19 concern when Charleston home sales dipped before going back up.
Last week saw a 77% increase in sales over the same week last year (to put this into perspective, this is the largest year over year increase we’ve seen in a single week). Quite simply, Charleston is seeing its best housing market on record despite COVID 19 as buyers are relocating from larger cities, having more
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