Buying a home in Charleston is not the same as shopping at Macy's Labor Day sale
First of all, I don't know why we don't have a Macy's in Charleston. We have Saks, Belk, Dillard's, Sears and Penney's for our department store choices but no Macy's.
But when you are buying a home for sale in Charleston, it is not the same as shopping at Macy's (or any other department store's) Labor Day sale.
You can't buy any home you see for sale in Charleston for 20% off and take an extra 15% off with your coupon.
The average sales price to list price in the Charleston real estate market is 94.2% over the past 12 months. That is just about 6% less than the list price.
Now certainly, some homes sell for a little bit more than list price, some sell for quite a bit less than list price but on average, approximately 5% less than list is more realistic than 10% or 20% or the very popular concept of 50% off. There might be a couple of homes that you can get that kind of discount on (well, probably not 50%) but they were probably very overpriced in the first place.
The sales price to list price will vary each month and it will also vary by the price range of the home you might be looking for; as an example, at lower price points, the sales price to list price will be a little higher, at higher price points, the sales price to list price will be a little lower on average.
Below, you'll find a chart showing the average sales price to list price for the past 12 months for all homes for sale in the Charleston area.
Have a great Labor Day weekend! Anyone want to shop for a home? 
