TEGA CAY, S.C. – Global Real Estate Advisor Sally Awad of Premier Sotheby’s International Realty has released the Q2 2025 Quarterly Market Report for ZIP code 29708, offering detailed insights into single-family and condominium trends for the area as of August 13, 2025.
Single-Family Homes: Rising Listings and Sales, Slower Turnover
The single-family home market saw notable growth compared to Q2 2024:
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New listings rose 27.5%, from 171 to 218, with year-to-date listings up 36.2% (376 vs. 276).
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Closed sales increased 35.8%, from 123 to 167, with year-to-date closings up 32.5% (257 vs. 194).
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Median list and sold prices remained steady, both at $650,000, with modest year-to-date gains of 1.97% and 1.55%, respectively.
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Average prices also improved: list price up 2.99% to $728,219 and sold price up 2.77% to $722,991.
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Days on market increased sharply—median days rose 50% to 18, and average days climbed 59.3% to 43.
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List-to-sold price ratio dipped slightly to 99.3%, suggesting a small increase in buyer negotiating leverage.
Condominiums: Price Gains Amid Lower Sales Volume
The condo market showed a different trend, with declining activity but higher prices:
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New listings fell 11.1% to 72; year-to-date listings are down 14.2%.
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Sold listings dropped 42.6% to 39; year-to-date sales are down 36.3%.
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Median prices rose significantly: list price up 13.3% to $425,000 and sold price up 14.2% to $419,900.
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Average prices edged higher: list price up 1.82% to $397,128 and sold price up 1.98% to $393,578.
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Median days on market improved slightly, down to 16 days from 17, but average days on market jumped 46.2% to 38.
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List-to-sold price ratio remained strong at 99.1%, indicating limited discounting.
Market Takeaways
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Single-family homes in 29708 are seeing both more inventory and more sales, paired with steady pricing and slower turnover times.
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Condos face lower supply and demand but are commanding higher prices, indicating that desirable units remain competitive.
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Longer selling cycles in both markets suggest buyers may be taking more time to make decisions, possibly due to higher interest rates or tighter lending conditions.
The full report includes detailed graphs by price range, monthly sales trends, and inventory supply metrics. Awad notes that while the market remains healthy, trends should be viewed in context, as MLS reporting variations can affect specific data points.
