Charleston real estate market report, June 08 home prices

August 1, 2008

Charleston home prices show a slight decline on both an average and median basis in single family homes under $600,000. This housing classification represents over 70% of all Charleston real estate transactions and is therefore the most important category to best understand market conditions and trends.

While the average price declined by 3.22% and the median price declined by 3.32%, the Charleston remains much healthier than many other housing markets around the country.

Prices continue to show increases for luxury Charleston homes and both clasifications of condos and townhomes.

Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.

Charleston real estate, Charleston home prices