This is where we reflect on what happened last month compared to May, 2021.... ready? Days on Market is still down, for the entire MLS area by over 39% compared to May 2021. It appears that higher interest rates are starting to affect buyers, new listings were UP 10.3% compared to this time last year. However, prices continue to rise, the median sales price was up 21.8% from this time last year. Here are some details about how the month end looked:
Median Sales Price
Entire MLS $424,250 | +21.8%
77 - Daniel Island $1,275,000 | +15.8%
Mount Pleasant $700,000 | +19.8%
51 - Peninsula Charleston Inside of Crosstown $912,500 | +4.3%
Average Price Per Square Foot
Entire MLS $275 | +20.1%
77 - Daniel Island $489 | +30.4%
Mount Pleasant $360 | +23.7%
51 - Peninsula Charleston Inside of Crosstown $628 | +9.8%
Dollar Volume Sold
Entire MLS $1,122,862,211 | +0.8%
77 - Daniel Island $51,769,737 | -21.0%
Mount Pleasant $207,668,816 | -3.5%
51 - Peninsula Charleston Inside of Crosstown $91,225,445 | -11.5%
Closed Sales
Entire MLS 1,947 | -11.3%
77 - Daniel Island 33 | -35.3%
Mount Pleasant 239 | -18.7%
51 - Peninsula Charleston Inside of Crosstown 68 | -18.1%