In the $200,000 to $300,000 price range, 179 homes sold (which is about 24 percent of the total homes that were sold). This means that if no more homes were to be listed for sale, it would take 12 months at the current rate in order to sell the inventory of [...] In many years from now, as prices steadily appreciate, who knows what the average home price in Summerville will be. Additionally, the absorption rate is 12 months. These stats help to see the bigger picture for Summerville’s realestate market.
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Information is deemed relaible but not guaranteed.