Charleston home prices

April 23, 2008

Charleston real estate home prices I’ve been reporting on Charleston real estate prices on my other blog for the past 18 months and here for the past few months. When you review the Charleston real estate statistics, despite rising inventory and declining unit sales, prices still held steady.

I think the law of supply and demand has finally taken hold and prices seem to be down somewhat. I’ll be gathering all the data in a few days to present the monthly market report but anecdotal data from looking at the price history of homes that might be interesting to various clients seems to be pointing in that direction – prices are coming down.

Now I’m not sure yet whether several of these listings that I noticed were totally overpriced when they were first listed and have finally taken serious price reductions or whether the homeowner totally overpaid when they bought the property, especially if they bought during the peak of late 2005 and early 2006. But I’ve seen some really attractive Charleston home prices in the past few days. It will be interesting when I compute the statistics, stay tuned for more.

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