Share Let’s take care of the important news first and that is, as expected, sales in April of this year topped April last year by just a few sales (839 vs. 834) but more importantly kept the streak of year over year increases going. And there continues to be a very sizeable backlog of homes under…
Category Archives: Market Reports
Charleston market report, April 2012
Share In April, home sales continued to be strong, the inventory of available homes once again remained lower and home prices are edging up slightly. A lot of statistical analysis in real estate concerns itself with how sales, inventory and home prices change from one month to the next. But unless you have the ability to adjust…
This week in Charleston real estate
Share While we had 200 closings reported this week in the Charleston real estate market, we are still one sale short of tying April 2011 (and of course two sales short of beating) year over year sales. It’s not like I’m worried about falling short by a couple of sales because there are always a…
This week in Charleston real estate
Share Wow, did a lot of listings come on the market this week. I’d have to look back and double check but I’m fairly certain that the 403 new listings that came on the market this week is the highest so far this year. The good news is that despite lots of homes being listed,…
This week in Charleston real estate
Share Consistency has been the hallmark of the Charleston real estate market thus far this year. A similar number of homes have come on the market each week but the market has been absorbing the spring buildup in inventory very well because homes going under contract every week have continued to be strong as well….
This week in Charleston real estate
Share The number of homes going under contract this week maintained the trend we’ve seen just about all year with continuing strong buyer activity. Right now there are 2000 homes under contract that are contingent and 670 homes that are under contract that are pending. That is a very high backlog of homes most of…
Charleston market report, March 2012
Share Good news for the Charleston real estate market continues with strong March results once again being reported. And let’s lead with some great news in the luxury Charleston real estate sector where sales in March were the highest since June of 2008 (and for those of you who may have forgotten – or just…
This week in Charleston real estate
Share The Charleston real estate market is nicely absorbing all the new listings that consistently have come on the market just about every week so far this year. And so the net result is that inventory, while typically building for the spring selling season remains at multi year lows. There are still over 2500 homes…
This week in Charleston real estate
Share Let’s change things up a little on this weekly recap of what’s happening in the Charleston real estate market with a few less statistics and a little bit more commentary. March ended with 901 sales reported to the Charleston MLS as of this morning and a few more should trickle in as the stragglers…
[Q1 12 recap] Home sales, median price higher year over year
Share It’s been a very good start to the year in the Charleston real estate market. During each month of the first quarter, both home sales and the median price were higher on a year over year basis. The level of activity in the market is as strong as its been in years and that…
