Thursday, May 23, 2019
By Ashley  Buck
April 2019 Charleston Real Estate Market Report

April 2019 Charleston Real Estate Market Report

For much of the country, the first quarter of 2019 was riddled with slower sales that persisted due to disruptive weather patterns. However, buyers are beginning to return in force this spring looking for well-priced homes in desirable locations. The national unemployment rate dropped to 3.6% during April, the lowest level since 1969. This will bring more buyers to the market as the rest of the year.


April 2019 Charleston Real Estate Statistics

New Listings - 2,433 (up 4.2% from last year)

Pending Sales - 2,024 (up 9.7% from last year)

Closed Sales - 1,595 (down 2.6% from last year)

Days on Market - 51 (down 7.3% from last year)

Median Sales Price - $270,000 (same as last year)

Percent of Asking Price Received - 96.4% (down 0.6% from last year) 

Months Supply of Inventory - 3.8 (same as last year)


The number of new listings to closed sales seems dramatically different, but keep in mind that delays in closings are very common (can be up to a few months). That contributes to why there are 2,024 homes pending sale. Also, remember that homes, on average, are on the market for roughly 2 months so the majority of homes are not being listed and sold within the same month. The median sales price is the same as last year, but as the year goes on, that will fluctuate! For buyers though, home affordability might be a topic for discussion. On average, sellers are receiving 96.4% of their asking price which is only down slightly at .6% from last year. This means that you might not receive full listing price if you are a seller but it is positive news for buyers as you might be able to come in with an offer below asking price to fit your budget and still get the home of your dreams!


We are still in a seller's market! We can tell this by the month's supply of inventory which is 3.7 months making demand still high. Here at Jeff Cook Real Estate, we closed on 103 homes and listed 42 homes in the month of April. We also maintained 98% (on average) of asking price received for our clients! 


These numbers are important to know in order to be informed when the best time to list your home is! This time of year will be busy with motivated sellers wanting to list their home before school starts back. Now is the time to list as the year continues to get busier!



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Jeff Cook

Jeff Cook Real Estate

Charleston | Columbia | Greenville