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July 2020 Quick Facts
Change in Change inClosed Sales All Properties
Closed SalesSingle-Family Only
23456789
10111213
Monthly Indicators
+ 22.0% + 21.6% + 22.8%Healthy buyer demand and constrained supply continue to be the story for much of the country. Nationally, showing activity in July remained substantially higher than a year before and multiple offer situations are a frequent experience in many markets. With the inventory of homes for sale still constrained, a competitive market for buyers shows little sign of waning.
Closed Sales increased 21.6 percent for single-family homes and 22.8 percent for condos. Pending Sales increased 34.7 percent for single-family homes and 31.5 percent for condos. Inventory decreased 24.1 percent for single-family homes and 6.6 percent for condos.
The Median Sales Price was up 6.9 percent to $252,000 for single-family homes and 5.4 percent to $150,000 for condos. Days on Market increased 8.3 percent for single-family homes and 14.4 percent for condos. Supply decreased 32.7 percent for single-family homes and 7.7 percent for condos.
While the number of unemployment insurance weekly initial claims have been far lower in recent weeks than their peak in March and April, more than 1 million new claims are still being filed each week and more 31 million were claiming benefits in all programs as of early July, compared to fewer than 2 million in July 2019. Despite this significant economic impact, home buyers remain extremely resilient. With mortgage rates remaining near record-low levels and home purchase mortgage applications up from a year ago, high buyer activity is expected to continue into the late summer and early fall market.
A research tool provided by the Coastal Carolinas Association of REALTORS®. Percent changes are calculated using rounded figures.
Single-Family Market Overview
Change inClosed SalesCondo Only
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime.
Condo Market Overview
Percent of List Price ReceivedHousing Affordability IndexInventory of Homes for SaleMonths Supply of Inventory
New ListingsPending SalesClosed SalesDays on Market Until SaleMedian Sales PriceAverage Sales Price
Single-Family Market Overview
Key Metrics Historical Sparkbars 7-2019 7-2020 Percent Change YTD 2019 YTD 2020 Percent Change
Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Single-family homes only.
New Listings 1,225 1,204 - 1.7% 7,605 - 7.6%
Pending Sales 880 1,185 + 34.7% 5,829 6,323 + 8.5%
8,234
+ 5.2%
Days on Market 133 144 + 8.3% 138 145 + 5.1%
Closed Sales 894 1,087 + 21.6% 5,387 5,666
+ 3.8%
Avg. Sales Price $272,747 $310,297 + 13.8% $273,286 $290,599 + 6.3%
Median Sales Price $235,685 $252,000 + 6.9% $237,944 $247,000
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 2
0.0%
Affordability Index 100 94 - 6.0% 100 96 - 4.0%
Pct. of List Price Received 97.3% 97.4% + 0.1% 97.3% 97.3%
Homes for Sale --
Months Supply 5.5 3.7 - 32.7% -- -- --
4,101 3,112 - 24.1% -- --
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
Condo Market Overview
Key Metrics Historical Sparkbars 7-2019 7-2020 Percent Change YTD 2019 YTD 2020 Percent Change
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 3
- 5.8%Affordability Index 167 158 - 5.4% 173 163
Homes for Sale 2,513 2,347 - 6.6% -- --
+ 4.7%
Pct. of List Price Received 96.0% 96.5% + 0.5% 96.0% 96.1% + 0.1%
Avg. Sales Price $168,216 $176,828 + 5.1% $161,642 $169,228
$145,000 + 5.8%
Days on Market 118 135 + 14.4% 125 128
Median Sales Price $142,250 $150,000 + 5.4% $137,000
3,231 - 10.8%
+ 2.4%
Closed Sales 536 658 + 22.8% 3,622
4,873 - 3.1%
Pending Sales 571 751 + 31.5% 3,908 3,742 - 4.2%
5,030
Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Condo properties only.
New Listings 729 812 + 11.4%
--
Months Supply 5.2 4.8 - 7.7% -- -- --
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
7-2017 7-2018 7-2019 7-2020
New Listings
New Listings Single-FamilyYear-Over-Year
Change CondoYear-Over-Year
Change
Aug-2019 1,159 -0.8% 665 -12.2%
Sep-2019 933 +44.7% 623 +47.3%
Oct-2019 1,127 +5.4% 670 +1.8%
Nov-2019 894 +0.8% 535 -3.6%
Dec-2019 713 +5.9% 422 +13.4%
Jan-2020 1,118 -7.6% 808 +2.0%
Feb-2020 1,156 +10.1% 728 +6.1%
Mar-2020 1,140 -5.3% 737 +4.7%
Apr-2020 860 -30.1% 409 -47.9%
May-2020 984 -17.1% 667 -8.1%
Jun-2020 1,143 +1.3% 712 +17.1%
Jul-2020 1,204 -1.7% 812 +11.4%
12-Month Avg 1,036 -1.9% 649 -0.1%
Historical New Listings by Month
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 4
A count of the properties that have been newly listed on the market in a given month.
1,024
628
1,225
729
1,204
812
Single-Family Condo
July
200
400
600
800
1,000
1,200
1,400
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Single-Family Condo
7,692
4,805
8,234
5,030
7,605
4,873
Single-Family Condo
Year to Date
2018 2019 2020
+ 11.4%+ 16.1%- 1.7%+ 19.6% + 4.7%- 7.6%+ 7.0% - 3.1%
2018 2019 2020 2018 2019 2020 2018 2019 2020
- 4.2% - 5.3% - 4.8%+ 0.2%
Pending Sales
Pending Sales Single-FamilyYear-Over-Year
Change CondoYear-Over-Year
Change
Aug-2019 900 +3.3% 545 +9.4%
Sep-2019 675 +34.7% 403 +34.3%
Oct-2019 852 +26.2% 468 +7.3%
Nov-2019 722 +10.9% 436 +9.0%
Dec-2019 541 +23.5% 329 +13.4%
Jan-2020 774 +5.0% 508 -3.2%
Feb-2020 801 +7.2% 528 +5.2%
Mar-2020 806 -7.1% 355 -40.5%
Apr-2020 632 -29.4% 262 -56.3%
May-2020 996 +12.7% 609 +6.1%
Jun-2020 1,129 +38.0% 729 +35.3%
Jul-2020 1,185 +34.7% 751 +31.5%
12-Month Avg* 747 +11.7% 486 +1.6%
Historical Pending Sales by Month
A count of the properties on which offers have been accepted in a given month.
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 5
844
516
880
571
1,185
751
Single-Family Condo
July
0
200
400
600
800
1,000
1,200
1,400
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Single-Family Condo
5,745
3,822
5,829
3,908
6,323
3,742
Single-Family Condo
Year to Date
2018 2019 2020
+ 31.5%+ 10.7%+ 34.7%+ 4.3% + 2.3%+ 8.5%+ 1.5% - 4.2%
2018 2019 2020 2018 2019 2020 2018 2019 2020
+ 8.2% + 4.9% + 2.8%- 0.8%
Closed Sales
Closed Sales Single-FamilyYear-Over-Year
Change CondoYear-Over-Year
Change
Aug-2019 859 -6.6% 598 +0.8%
Sep-2019 858 +74.4% 482 +42.2%
Oct-2019 775 -14.5% 455 -8.3%
Nov-2019 749 +12.6% 440 +8.6%
Dec-2019 775 +21.7% 468 +20.9%
Jan-2020 652 +12.4% 393 +8.0%
Feb-2020 644 +7.2% 451 +1.8%
Mar-2020 856 +5.8% 497 -9.1%
Apr-2020 764 -3.3% 349 -39.5%
May-2020 674 -19.6% 335 -47.3%
Jun-2020 989 +13.0% 548 +5.6%
Jul-2020 1,087 +21.6% 658 +22.8%
12-Month Avg* 751 +7.5% 487 -2.9%
Historical Closed Sales by Month
A count of the actual sales that closed in a given month.
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 6
804
538
894
536
1,087
658
Single-Family Condo
July
0
200
400
600
800
1,000
1,200
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Single-Family Condo
5,312
3,574
5,387
3,622
5,666
3,231
Single-Family Condo
Year to Date
2018 2019 2020
+ 22.8%- 0.4%+ 21.6%+ 11.2% + 1.3%+ 5.2%+ 1.4% - 10.8%
2018 2019 2020 2018 2019 2020 2018 2019 2020
+ 7.3% + 6.7% + 4.3%+ 21.2%
Days on Market Until Sale
Days on Market Single-FamilyYear-Over-Year
Change CondoYear-Over-Year
Change
Aug-2019 129 -7.9% 128 -0.8%
Sep-2019 133 -8.9% 120 +0.8%
Oct-2019 137 -8.7% 132 -10.8%
Nov-2019 126 -13.1% 137 +13.2%
Dec-2019 131 -9.7% 120 -3.2%
Jan-2020 146 +2.8% 131 +5.6%
Feb-2020 145 -1.4% 128 -3.8%
Mar-2020 148 +2.8% 122 -12.2%
Apr-2020 152 +6.3% 113 -12.4%
May-2020 147 +8.1% 137 +17.1%
Jun-2020 137 +7.0% 128 +11.3%
Jul-2020 144 +8.3% 135 +14.4%
12-Month Avg* 141 -1.1% 127 +0.9%
Historical Days on Market Until Sale by Month
Average number of days between when a property is listed and when an offer is accepted in a given month.
* Days on Market for all properties from August 2019 through July 2020. This is not the average of the individual figures above.
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 7
131 126133
118
144135
Single-Family Condo
July
0
50
100
150
200
250
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Single-Family Condo
140
126138
125
145
128
Single-Family Condo
Year to Date
2018 2019 2020
+ 14.4%- 6.3%+ 8.3%+ 1.5% - 0.8%+ 5.1%- 1.4% + 2.4%
2018 2019 2020 2018 2019 2020 2018 2019 2020
- 2.2% - 1.4% - 13.1%+ 0.8%
Median Sales Price
Median Sales Price Single-FamilyYear-Over-Year
Change CondoYear-Over-Year
Change
Aug-2019 $237,500 +3.9% $148,250 +6.2%
Sep-2019 $249,900 -0.0% $142,700 +1.9%
Oct-2019 $234,000 +1.7% $146,500 +3.0%
Nov-2019 $240,000 +1.7% $145,000 +7.4%
Dec-2019 $249,500 +4.0% $140,000 +0.5%
Jan-2020 $240,000 +5.2% $147,500 +10.1%
Feb-2020 $247,127 +5.8% $138,000 +6.6%
Mar-2020 $245,000 +2.1% $145,000 +7.4%
Apr-2020 $252,000 +4.6% $146,000 +9.9%
May-2020 $236,500 +1.5% $141,000 +0.8%
Jun-2020 $243,900 -0.1% $145,000 +3.6%
Jul-2020 $252,000 +6.9% $150,000 +5.4%
12-Month Avg* $236,846 +3.4% $138,000 +5.1%
Historical Median Sales Price by Month
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
* Median Sales Price for all properties from August 2019 through July 2020. This is not the average of the individual figures above.
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 8
$219,000
$131,250
$235,685
$142,250
$252,000
$150,000
Single-Family Condo
July
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Single-Family Condo
$222,241
$130,000
$237,944
$137,000
$247,000
$145,000
Single-Family Condo
Year to Date
2018 2019 2020
+ 5.4%+ 8.4%+ 6.9%+ 7.6% + 5.4%+ 3.8%+ 7.1% + 5.8%
2018 2019 2020 2018 2019 2020 2018 2019 2020
+ 9.6% + 7.6% + 2.4%+ 1.2%
Average Sales Price
Avg. Sales Price Single-FamilyYear-Over-Year
Change CondoYear-Over-Year
Change
Aug-2019 $274,472 -0.4% $170,807 +2.5%
Sep-2019 $278,213 -3.0% $168,339 +0.3%
Oct-2019 $271,044 -0.9% $177,492 +10.4%
Nov-2019 $276,006 +4.8% $172,471 +7.4%
Dec-2019 $272,368 -5.6% $172,890 +8.6%
Jan-2020 $296,455 +14.4% $174,005 +6.5%
Feb-2020 $281,548 +2.1% $161,655 +9.5%
Mar-2020 $282,415 +2.6% $165,441 +7.3%
Apr-2020 $280,940 -1.7% $167,929 +6.8%
May-2020 $277,615 +3.9% $161,918 -7.0%
Jun-2020 $294,361 +7.3% $171,636 +5.3%
Jul-2020 $310,297 +13.8% $176,828 +5.1%
12-Month Avg $282,978 +3.4% $170,118 +5.1%
Historical Average Sales Price by Month
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
* Avg. Sales Price for all properties from August 2019 through July 2020. This is not the average of the individual figures above.
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 9
$257,951
$154,039
$272,747
$168,216
$310,297
$176,828
Single-Family Condo
July
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Single-Family Condo
$255,862
155,226
$273,286
$161,642
$290,599
$169,228
Single-Family Condo
Year to Date
2018 2019 2020
+ 5.1%+ 9.2%+ 13.8%+ 5.7% + 4.1%+ 6.3%+ 6.8% + 4.7%
2018 2019 2020 2018 2019 2020 2018 2019 2020
+ 8.7% + 2.6% + 2.9%+ 1.6%
Percent of List Price Received
Pct. of List Price Received Single-Family
Year-Over-YearChange Condo
Year-Over-YearChange
Aug-2019 97.3% -0.3% 96.3% 0.0%
Sep-2019 97.7% +0.5% 96.1% -0.2%
Oct-2019 97.3% -0.4% 96.0% -0.4%
Nov-2019 97.6% +0.3% 96.3% +0.5%
Dec-2019 97.5% 0.0% 96.1% +0.7%
Jan-2020 97.0% -0.1% 95.9% +0.2%
Feb-2020 97.1% -0.2% 95.9% +0.3%
Mar-2020 97.6% +0.4% 96.3% +0.2%
Apr-2020 97.4% +0.3% 96.2% +0.3%
May-2020 97.4% +0.3% 95.7% -0.6%
Jun-2020 97.4% -0.3% 95.9% -0.1%
Jul-2020 97.4% +0.1% 96.5% +0.5%
12-Month Avg 97.4% +0.0% 96.1% +0.1%
Historical Percent of List Price Received by Month
Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
* Pct. of List Price Received for all properties from August 2019 through July 2020. This is not the average of the individual figures above.
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 10
97.5% 96.2%97.3% 96.0%97.4% 96.5%
Single-Family Condo
July
88.0%
90.0%
92.0%
94.0%
96.0%
98.0%
100.0%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Single-Family Condo
97.4% 96.0%97.3% 96.0%97.3% 96.1%
Single-Family Condo
Year to Date
2018 2019 2020
+ 0.5%- 0.2%+ 0.1%- 0.2% 0.0%0.0%- 0.1% + 0.1%
2018 2019 2020 2018 2019 2020 2018 2019 2020
0.0% + 0.3% + 0.4%+ 0.5%
Housing Affordability Index
Affordability Index Single-FamilyYear-Over-Year
Change CondoYear-Over-Year
Change
Aug-2019 100 -3.8% 160 -5.9%
Sep-2019 95 0.0% 166 -1.8%
Oct-2019 101 -1.9% 162 -2.4%
Nov-2019 99 -1.0% 163 -6.9%
Dec-2019 95 -4.0% 169 -0.6%
Jan-2020 99 -4.8% 161 -9.0%
Feb-2020 96 -5.0% 172 -6.0%
Mar-2020 97 -2.0% 163 -6.9%
Apr-2020 94 -4.1% 162 -9.0%
May-2020 100 -2.0% 168 -0.6%
Jun-2020 97 0.0% 163 -3.6%
Jul-2020 94 -6.0% 158 -5.4%
12-Month Avg 97 -2.9% 164 -4.8%
Historical Housing Affordability Index by Month
This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 11
108
180
100
167
94
158
Single-Family Condo
July
50
100
150
200
250
300
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Single-Family Condo
107
182
100
173
96
163
Single-Family Condo
Year to Date
2018 2019 2020
- 5.4%- 7.2%- 6.0%- 7.4% - 4.9%- 4.0%- 6.5% - 5.8%
2018 2019 2020 2018 2019 2020 2018 2019 2020
- 8.5% - 7.0% - 2.7%- 1.6%
Inventory of Homes for Sale
Homes for Sale Single-FamilyYear-Over-Year
Change CondoYear-Over-Year
Change
Aug-2019 4,013 +4.5% 2,448 -1.4%
Sep-2019 3,962 +6.6% 2,515 +1.6%
Oct-2019 3,935 +2.4% 2,542 +0.0%
Nov-2019 3,872 +4.4% 2,486 -2.9%
Dec-2019 3,721 +3.2% 2,376 -3.1%
Jan-2020 3,779 +0.9% 2,499 -1.9%
Feb-2020 3,929 +2.5% 2,555 -2.4%
Mar-2020 3,965 +1.2% 2,780 +8.2%
Apr-2020 3,872 -2.8% 2,759 +6.4%
May-2020 3,601 -10.2% 2,650 +2.6%
Jun-2020 3,351 -17.8% 2,474 -2.4%
Jul-2020 3,112 -24.1% 2,347 -6.6%
12-Month Avg* 3,866 -2.8% 2,539 -0.1%
Historical Inventory of Homes for Sale by Month
The number of properties available for sale in active status at the end of a given month.
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 12
3,875
2,360
4,101
2,513
3,112
2,347
Single-Family Condo
July
2,000
3,000
4,000
5,000
6,000
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Single-Family Condo
2018
- 6.6%+ 6.5%- 24.1%+ 5.8%- 0.2% - 12.2%2019 2020 2018 2019 2020
Months Supply of Inventory
Months Supply Single-FamilyYear-Over-Year
Change CondoYear-Over-Year
Change
Aug-2019 5.4 +5.9% 5.0 0.0%
Sep-2019 5.2 +4.0% 5.0 -2.0%
Oct-2019 5.1 -1.9% 5.1 -3.8%
Nov-2019 4.9 -2.0% 4.9 -7.5%
Dec-2019 4.7 -4.1% 4.7 -7.8%
Jan-2020 4.7 -7.8% 4.9 -7.5%
Feb-2020 4.9 -5.8% 5.0 -7.4%
Mar-2020 5.0 -5.7% 5.7 +7.5%
Apr-2020 5.0 -7.4% 6.0 +11.1%
May-2020 4.6 -14.8% 5.7 +5.6%
Jun-2020 4.1 -25.5% 5.2 -1.9%
Jul-2020 3.7 -32.7% 4.8 -7.7%
12-Month Avg* 5.2 -7.9% 5.3 -1.5%
Historical Months Supply of Inventory by Month
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
* Months Supply for all properties from August 2019 through July 2020. This is not the average of the individual figures above.
Current as of August 10, 2020. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Report © 2020 ShowingTime. | 13
5.24.8
5.55.2
3.7
4.8
Single-Family Condo
July
0.0
20.0
40.0
60.0
80.0
100.0
120.0
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Single-Family Condo
- 7.7%+ 8.3%- 32.7%+ 5.8%- 5.5% - 17.2%2018 2019 2020 2018 2019 2020