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Thursday, May 17, 2012 6:46 AM

Charleston real estate market report, sales, inventory and home prices, April 2012

It was once again another good month in the Charleston real estate market in April. Sales were higher in April 2012 than April of last year, inventory continues to remain at substantially lower levels and we're seeing prices edge up as a result of
Posted by Howard Arnoff | 0 Comments
Wednesday, April 18, 2012 7:39 AM

Charleston real estate market report, sales, inventory and home prices, March 2012

Home sales are higher year over year and inventory is at multi year lows and prices have begun to edge up as March continues the good momentum we've seen in the Charleston real estate market lately. It's really no surprise with the combination
Posted by Howard Arnoff | 0 Comments
Wednesday, March 28, 2012 8:59 AM

[Old news] S&P Case-Shiller down again in January but who cares anymore

I hate to criticize really smart people but I will anyway. The closely followed S&P Case-Shiller index was released yesterday and as predicted by many was down again. Here's the problem. The index is an average of repeat sales for 3 months, in
Posted by Howard Arnoff | 0 Comments
Saturday, March 17, 2012 8:54 AM

Absorption rate by Charleston community

Sales in the Charleston area have picked up significantly recently and the number of available homes for sale is as low as its been in several years so it is no wonder that the absorption rate (how many months it would take to sell out of inventory if
Posted by Howard Arnoff | 0 Comments
Friday, March 16, 2012 6:36 AM

Is the sales price to list price percentage meaningful

Well, yes and no, how's that for an answer. The sales price to list price is meaningful in that it tells you how close to market value sellers are offering their homes for. And we're seeing a little more realism by sellers these days because the
Posted by Howard Arnoff | 0 Comments
Thursday, March 15, 2012 7:25 AM

Charleston real estate market report, sales, inventory and home prices, February 2012

February continued the trend we've seen in the Charleston real estate market of higher monthly home sales year over year going back to July of 2010. And based on the strong activity we've seen thus far this year, I would expect that trend to not
Posted by Howard Arnoff | 0 Comments
Wednesday, March 07, 2012 10:08 AM

Absorption rate by price range

There is no better way to determine Charleston real estate market conditions than to look at the absorption rate. The absorption rate is an indicator of supply and demand and prices will generally follow the trend either up or down. As you can see in
Posted by Howard Arnoff | 0 Comments
Tuesday, February 14, 2012 9:03 AM

Charleston real estate market report, sales, inventory and home prices, January 2012

Happy Valentine's Day! And good news in the Charleston real estate market once again this month after the big month in December. Sales continued to trend higher with home sales in January slightly higher on a year over year basis compared with January
Posted by Howard Arnoff | 0 Comments
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
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