Charleston Real Estate Blog

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 higher demand and lower supply. Because South Carolina is a judicial foreclosure state, we are ...

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 of better economic news, good local job growth, continued record low mortgage rates and much ...

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 this case November, December and January, and since contracts are signed anywhere from 30 ...

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 no new homes came on the market) is down. Here are the absorption rates by ...

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 only continue but gain momentum as the spring season kicks into high gear. And maybe ...

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 the chart to your left, there is overall improvement in the absorption rate and with the ...

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 2011. (For your convenience I added a little red arrow to indicate where January sales ...

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 between $300,000 and $600,000, sales were 7.75 percent higher year over year and for homes ...

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 slightly lower. And December was an absolutely outstanding month with sales sharply ...

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 and due to a high number of distressed sales in the Charleston area including ...