Monthly Market Report
March 2025 | SECTION B | Volume 14 I Issue 3
What a difference one month makes! Spring has arrived in the Lowcountry, and with it comes a surge of buyer interest. The 5% median home price decline observed last month has been completely erased. The 2025 year-over-year (YOY) median home price now matches the prior year exactly at $515,000. Inventory levels have tightened slightly, with the number of active listings dropping from a recent high of 212 to fewer th an 200. Meanwhile, closed sales saw a significant increase, rising 30% compared to February 2024. Notably, of the 56 homes sold last month, nearly half were new construction. The influx of higher-priced new homes has helped stabilize and boost the median home price. However, for sellers, these new builds present increased competition. What Does This Mean for Buyers and Sellers? For sellers, the market continues to hold onto gains realized in recent years. However, with a high volume of available homes, it is crucial to price competitively and ensure homes are presented in their best possible light. Buyers have more options than in the past, making it essential for sellers to stand o ut. For buyers, while borrowing costs remain a factor, the increased inventory provides more choices and greater negotiation opportunities. This shift allows buyers to take their time and find a home that meets their needs while potentially securing better terms. Get the Full Market Pictur e. Whether you’re planning to buy or sell in Sun City, understanding the market’s nuances is essential. Reach out for a personalized market analysis and guidance tailored to your real estate goals. Additionally, contact me for a complete Year-in-Review Report, including sales by model and a price-persquare-foot breakdown for 2024.
How Can I Assist You? If you’re considering selling your home, I invite you to take advantage of a FREE comprehensive Market Analysis and in-depth market review. Together, we can develop a strategy to ensure your home stands out and achieves the best possible value in this evolving market. Let’s navigate the market together —contact me today!
Sun City Real Estate February Market Snapshot
Active Homes and Villas
