June 2025 Market Update

As we are heading directly into our traditional “Busy Season” these numbers should be of interest to most sellers and buyers. I am including those areas where I do most of my business.

Inventory

• Total MLS Active Listings
  • 2025 – 4945    2024 – 3609
  • 37% increase year over year
  • Avg Sale Price up 6.3% YoY
• Mount Pleasant Active Listings
  • 2025 – 426      2024 – 269
  • 58% increase year over year
  • Average Sale Price YTD – $1.35 M (+8.5% YoY)
• Downtown Charleston Active Listings
  • 2025 – 229      2024 – 213
  • 7.5% increase year over year
  • Average Sale Price – $2.79 M (+43% YoY)
• West Ashley Active Listings
  • 2025 – 258      2024
  • 64% increase year over year
  • Average Sale Price – $712,573 (+21.4% YoY)
• James Island Active Listings
  • 2025 – 160      2024 – 68
  • 135% increase year over year
  • Average Sale Price – $785,372 (+5.3%)
• Johns Island Active Listings
  • 2025 – 198       2024 – 148
  • 34% increase year over year
  • Average Sale Price – $831,175 (+12.5% YoY)
• Daniel Island Active Listings
  • 2025 – 66 2024 – 61
  • 8.1% increase year over year
  • Average Sale Price – $2,419,333 (-13.1%)

So, while our inventory is increasing, our average sales prices, in most areas, continue to go up.  End of April data over the entire MLS (compared to 2024) had indicated a 3.1% decrease in closed sales, a 26.9% overall increase in inventory with our median sales price was up 2.7% and our average sales price up 6.3%.  Days on the market was up 29.45% with an average of 44 days on the market YTD. As of this writing the average 30 year conventional mortgage rate is 6.96%.  Jumbo rates 7.05%.

In my areas of concentration, I would read this to mean that buyers have more opportunity than they have had in the near past, and sellers need to be precise in how they price their homes. More inventory means more competition and homes need to stand out to sell in a timely fashion. That means they are either in move-in ready condition or they are priced in a way that will attract the most buyers.

With over 20 years of experience in real estate, this kind of market is where I believe I am of most value to consumers.

Buying, Selling, or Planning a Move?
Let’s talk about how I can help.
📞 (843) 460-4939
📧 jgrady@chs-homes.com
🌐 www.chs-homes.com
📍 Coldwell Banker Realty | Mount Pleasant, SC