Share The overall trend in the Charleston real estate market this year continued in November with monthly sales higher than the same month of last year. The most significant highlight is that inventory of home for sale in Charleston is down significantly with over 11 percent fewer homes on the market this year compared to last…
Category Archives: Statistics
Charleston market report, October 2011
Share There continues to be good news to report on the state of the Charleston real estate market although the market is not out of the woods by any stretch of the imagination quite yet. Highlights from October: Home sales are almost exactly the same as last year and you can be assured that a few late…
Charleston market report, September 2011
Share September home sales were over 10 percent higher than during September of 2010 marking another solid month for the Charleston housing market. The first word that comes to my mind when describing Charleston real estate market trends is stable with higher sales and lower inventory levels a strong positive. As to home prices, while…
This week in Charleston real estate
Share Introducing a new feature, “This week in Charleston real estate” where every Monday morning I’ll post a weekly activity recap of new listings that came on the market, homes that went under contract and home sales that closed in the past 7 days. Statistics compiled by Howard Arnoff using the Charleston MLS as the source…
August existing home sales up, prices down
Share The National Association of Realtors released the August existing home sales report today and as expected, sales were higher and prices were lower. Chart courtesy of Calculated Risk. Highlights: Existing home sales rose 7.7 percent in August to a seasonally adjusted annual rate of 5.03 million. Median home price was $168,300, down 5.1 percent…
Charleston market report, August 2011
Share August marks the end of the spring / summer selling season and this year it was a very good month with home sales once again topping every month this year except for June which is traditionally the best month during the year. Home sales this August 2011 were also sharply higher than either August 2009…
Sold to list price percentage
Share One of the most interesting statistics in the Charleston real estate market report is the sold to list price percentage. It’s especially true today because there seems to be so much misinformation about how good a deal you can buy a home for. The only problem with that thinking is that the discount from list price…
Charleston market report, July 2011
Share With easy comparisons to last year, Charleston home sales increased over 23 percent from July of last year. You may remember (as if you could forget) that July 2010 sales plummeted from June due to the end of the home buyer tax credit. The fact of the matter is while the naysayers were predicting the…
What’s under contract, contingent and pending
Share Let’s take a look inside the numbers at what’s under contract in Charleston real estate today. There are currently 8297 active properties listed for sale in the Charleston MLS. A total of 2143 homes are under contract, 1591 homes are contingent and 552 homes are pending. A quick note: when the Charleston market report…
Charleston market report, June 2011
Share All in all, June was a very good month for the Charleston real estate market. Despite home sales being down almost 20 percent from June of last year, don’t forget that last year was impacted by the home buyer tax credit so comparisons of course would be difficult if not impossible to beat. The…
