Unit sales, Feb 2008 Charleston real estate report

March 31, 2008

Let’s look at unit sales in the Charleston South Carolina real estate market and point out that unit sales have continued to decline in all real estate classifications with the exception of luxury condos and townhomes which have shown increases the past few months.

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

Monthly unit sales, single family homes

Month	Sales 06	Sales 07	Sales 08	07 to 06	08 to 07
under 600k
Jan	697	641	437	-8.03%	-31.83%
Feb	788	727	467	-7.74%	-35.76%
Mar	1056	918		-13.07%
Apr	862	714		-17.17%
May	1057	868		-17.88%
June	1198	922		-23.04%
July	929	783		-15.72%
Aug	932	810		-13.09%
Sep	1014	666		-34.32%
Oct	745	592		-20.54%
Nov	823	625		-24.06%
Dec	802	546		-31.92%
over 600k
Jan	88	65	47	-26.14%	-27.69%
Feb	70	50	40	-28.57%	-20.00%
Mar	122	96		-21.31%
Apr	102	77		-24.51%
May	132	91		-31.06%
June	124	105		-15.32%
July	100	76		-24.00%
Aug	111	101		-9.01%
Sep	88	52		-40.91%
Oct	93	45		-51.61%
Nov	67	48		-28.36%
Dec	64	48		-25.00%

Monthly unit sales, condos and townhomes

Month	Sales 06	Sales 07	Sales 08	07 to 06	08 to 07
under 600k
Jan	304	146	87	-51.97%	-40.41%
Feb	253	159	129	-37.15%	-18.87%
Mar	352	232		-34.09%
Apr	413	239		-42.13%
May	376	308		-18.09%
June	307	292		-4.89%
July	334	253		-24.25%
Aug	297	208		-29.97%
Sep	275	186		-32.36%
Oct	247	206		-16.60%
Nov	201	175		-12.94%
Dec	233	126		-45.92%
over 600k
Jan	27	11	14	-59.26%	27.27%
Feb	23	8	15	-65.22%	87.50%
Mar	23	18		-21.74%
Apr	22	11		-50.00%
May	28	11		-60.71%
June	22	15		-31.82%
July	11	21		90.91%
Aug	16	14		-12.50%
Sep	9	29		222.22%
Oct	21	21		0.00%
Nov	8	11		37.50%
Dec	12	11		-8.33%