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Sunday, January 04, 2009 8:35 AM

Charleston real estate market report, home prices, January 4, 2009

Prices have been under pressure in the Charleston real estate market for several months due to high inventory levels and declining demand. The median price has been more affected primarily due to more home sales at lower price points and the few short
Posted by Howard Arnoff | 0 Comments
Saturday, January 03, 2009 2:23 PM

Charleston real estate market report, sales and inventory, January 3, 2009

Because sales declined sharply in the past several months while inventory levels continue to remain high (although dropping slightly as is normal heading into the end of the year only to return to the market in the early part of the next year), the absorption
Posted by Howard Arnoff | 0 Comments
Tuesday, December 16, 2008 7:19 AM

November 2008 Charleston housing report

As promised, an early look at the past month's housing activity throughout the Charleston real estate market. For some reason, I thought it should post around the 15th of the month but when I looked back at last month, it posted on the 10th. As they
Posted by Howard Arnoff | 0 Comments
Tuesday, December 09, 2008 8:05 AM

What's wrong with this picture

I don't remember ever creating a chart showing the trend lines for inventory and absorption rates so what's wrong with this picture. I've said for a long time that there are a lot of homes for sale in the Charleston real estate market. But
Posted by Howard Arnoff | 0 Comments
Wednesday, December 03, 2008 8:19 AM

Charleston real estate market report, home prices, Dec 3, 2008

There is even more pressure on home prices in the Charleston real estate market this month as high inventory and declining demand continue to take a toll. You'll notice that the average sales price is lower than the previous year for the past three
Posted by Howard Arnoff | 0 Comments
Tuesday, December 02, 2008 9:06 AM

Charleston real estate market report, sales and inventory, Dec 2, 2008

Unit sales continue to decline and inventory remains elevated but the absorption rate is now at stratospheric levels. Consider for a moment that the overall absorption rate for all Charleston real estate is over 1 year of inventory when anything over
Posted by Howard Arnoff | 0 Comments
Sunday, November 23, 2008 7:59 AM

Despite rumors to the contrary

... buyers are buying and sellers are selling in the Charleston real estate market. Mortgages are available, rates are low and loans are closing. Despite rumors to the contrary, banks are still loaning money to buyers and rates are once again below 6%
Posted by Howard Arnoff | 2 Comments
Friday, November 21, 2008 12:55 PM

Home prices [Index, Windex, Zindex]

There is as much confusion about home prices today as there are indexes that attempt to measure the value of homes either nationally or locally. Of course, windex is not an index but it is used in the home to clean the windows, etc., which of course would
Posted by Howard Arnoff | 0 Comments
Wednesday, November 19, 2008 2:03 PM

Charleston new home construction update

With national new home starts declining by 4.5% to an annual rate of 791,000 units, the lowest since records began in 1959 and building permits, a sign of future residential projects declining by 12% to an annual rate of 708,000, the lowest on record
Posted by Howard Arnoff | 0 Comments
Tuesday, November 18, 2008 9:20 AM

You can't buy a median priced home in Charleston

That might sound like a silly statement coming from a Charleston real estate agent who depends on selling homes in Charleston in order to earn a living and with over 10,000 homes available for sale in the Charleston real estate market. But what I mean
Posted by Howard Arnoff | 0 Comments
Monday, November 10, 2008 11:55 AM

October 2008 Charleston housing report

I'm introducing a new feature every month on or around the 10th of the month, an early look at the past month's housing activity throughout the Charleston real estate market. You'll be able to view the number of sales, average sale price,
Posted by Howard Arnoff | 0 Comments
Friday, October 31, 2008 8:17 AM

Charleston real estate market report, home prices in Charleston, Oct 31, 2008

When supply exceeds demand, prices should fall and for the longest time, the Charleston real estate market seemed to defy the law of supply and demand with prices basically remaining stable and occasionally, increasing or decreasing by a minimal amount.
Posted by Howard Arnoff | 0 Comments
Thursday, October 30, 2008 7:05 AM

Charleston real estate market report, sales and inventory, Oct 30, 2008

While I'm changing the format slightly of the Charleston real estate market report [ again ] ... I'm thinking of a few additional changes to make the reports even better beginning with the first of the year. What hasn't changed is the firm
Posted by Howard Arnoff | 0 Comments
Wednesday, October 29, 2008 8:06 AM

Charleston real estate market trends

Charts and statistics of sales activity and median and average prices in the Charleston real estate market. These statistics reflect all Charleston housing classifications and you can look for statistical breakdowns by price range and housing type in
Posted by Howard Arnoff | 0 Comments
Thursday, October 16, 2008 7:15 AM

Inventory and absorption rate by Charleston communities

It's been a while since I've analyzed the inventory and absorption rate by Charleston communities, statistics that don't get presented in the monthly Charleston real estate market report. Statistics compiled by Howard Arnoff using the Charleston
Posted by Howard Arnoff | 0 Comments
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