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Friday, January 20, 2012 9:04 AM

Charleston monthly home sales by price range 2011

As a follow up to the Charleston real estate market report posted the other day, here is a chart of Charleston monthly home sales by price range. For homes selling for $300,000 and under, sales were 6.5 percent higher in 2011 than 2010. For homes selling
Posted by Howard Arnoff | 0 Comments
Wednesday, January 18, 2012 8:43 AM

Charleston real estate market report, sales, inventory and home prices, year end 2011

One word to describe the Charleston real estate market for 2011 is GOOD. Home sales were higher year over year, inventory of homes available for sale has been trending down and is at its lowest level in almost 5 years and prices, while down were only
Posted by Howard Arnoff | 1 Comments
Wednesday, January 04, 2012 10:23 AM

Median sales price, Charleston real estate year end review

Based on the median sales price, the Charleston real estate market is showing the famous "double dip" in home prices. The median price is affected by the mix of homes sold and when more less expensive homes sell, the median price will decline
Posted by Howard Arnoff | 0 Comments
Wednesday, December 21, 2011 9:53 AM

What does the downward revision by NAR to existing home sales really mean

The National Association of Realtors (NAR) today revised downward existing home sales by 14.3 percent from 2007 through 2010. Two unfortunate results will probably be the loss of a little credibility for NAR along with screaming headlines in the media
Posted by Howard Arnoff | 0 Comments
Monday, December 19, 2011 9:08 AM

The rise and fall of inventory of Charleston homes for sale

One of the most important trends this year in the Charleston real estate market has been lower inventory levels of homes for sale in Charleston. From very low levels during 2003 through 2005, inventory soared during 2006 and 2007 peaking in 2008 at the
Posted by Howard Arnoff | 0 Comments
Thursday, December 15, 2011 8:17 AM

Charleston real estate market report, sales, inventory and home prices, November 2011

As we've seen all year, November turned out to be another good month for the Charleston housing market. Home sales in November were 5 percent higher than November of 2011 and we are all but virtually assured that sales in 2011 will be higher than
Posted by Howard Arnoff | 0 Comments
Tuesday, November 29, 2011 10:04 AM

What's the third quarter S&P Case-Shiller report telling us

It seems like a good time to review the most recent S&P Case-Shiller report and see what it's telling us about home prices. “Data through September 2011, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices,
Posted by Howard Arnoff | 0 Comments
Monday, November 21, 2011 7:59 AM

Nope, you can't buy a home for $6 per square foot

GIGO: Garbage in, Garbage out. In today's information age, we need good information. Incorrect data entry will lead to bad information and incorrect assumptions. Here's an example. I just noticed a home listed for sale in the Charleston MLS at
Posted by Howard Arnoff | 0 Comments
Wednesday, November 16, 2011 8:30 AM

Charleston real estate market report, sales, inventory and home prices, October 2011

It was another solid month for the Charleston real estate market in October although home sales did not beat October of last year yet but just a handful of additional late reporting sales will either match last year or edge it out slightly. But, you can
Posted by Howard Arnoff | 0 Comments
Tuesday, November 15, 2011 9:18 AM

[Less is Good] Charleston homes available for sale

Despite Gordon Gekko's famous pronouncement in Wall Street that Greed is Good, when it comes to Charleston homes available for sale, less is good (and better). A look at the chart below of the last 3 years of Charleston inventory of homes for sale
Posted by Howard Arnoff | 0 Comments
Friday, October 14, 2011 7:45 AM

Charleston real estate market report, sales, inventory and home prices, September 2011

September was another solid month for the Charleston real estate market with sales higher than September of 2010 by just over 10 percent. You can generally divide real estate into two 6 month periods and September marks the beginning of the slower season
Posted by Howard Arnoff | 0 Comments
Monday, October 03, 2011 7:58 AM

Charleston's top real estate companies

(By number of transactions) Year to date 2011 Some people who aren't familiar with the Charleston real estate market are often surprised that the large national franchises are not the top real estate companies in Charleston based on the number of
Posted by Howard Arnoff | 0 Comments
Friday, September 16, 2011 8:34 AM

Charleston real estate market report, Sales, inventory and home prices, August 2011

Another very good month with August sales significantly higher than the August of 2009 or 2010 and inventory levels (although still elevated) much lower than previous years. Prices though are still being pressured by both sales of distressed properties
Posted by Howard Arnoff | 0 Comments
Wednesday, September 07, 2011 8:24 AM

Almost 25 percent of all home sales in Charleston are new homes

Despite what you may have read that new home construction is down to it's lowest level in decades (and it is), there are a lot of buyers who just aren't interested in a pre-owned home and prefer to purchase new construction. A buyer who will be
Posted by Howard Arnoff | 1 Comments
Thursday, September 01, 2011 9:47 AM

Home price indexes are trending up

... but isn't that just a seasonal trend. I'm not one to look negatively at good news but despite Case-Shiller and CoreLogic and others reporting that home prices have increased for 3 and 4 consecutive months respectively (Case-Shiller reported
Posted by Howard Arnoff | 0 Comments
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