Charleston Real Estate Blog

... despite some media reports you may have heard that say housing is dead. My client and I were looking at homes for sale yesterday and one was perfect so I called the listing agent to be sure that it was still available before sending a contract only to find out that it went under contract several hours earlier. What's going on, I ...

The reasons for the sharp decline in home sales in this month's Charleston real estate market report has already been well covered in my posts analyzing the national existing home sales report and housing is not really dead, yet. And the short reason is not just the expiration of the home buyer tax credit which pulled demand forward ...

But you might have thought so based on the media reports of the sharp decline in July existing home sales which I characterized as dismal but expected. Brian Williams at NBC News. "Housing, the real estate market, it's a disaster, in plain English. The numbers came out for July today. One economist calls them eye watering. ...

The National Association of Realtors® released the existing home sales report for July 2010 and to the surprise of nobody, sales declined sharply by 27 percent. Lawrence Yun, NAR chief economist, said a soft sales pace likely will continue for a few additional months. “Consumers rationally jumped into the market before the deadline for ...

Charleston home sales topped 1000 in June for the first time since the summer of 2007 and certainly, the home buyer tax credit was an important factor. But equally important is the improvement in sales in both mid priced and luxury Charleston real estate. The Charleston real estate market has benefited from positive local economic news including ...

A bit of a play on Marshall McLuhan's, The medium is the message for the title of this post but as I was gathering market statistics for the Charleston real estate market report that will be posted either later today or tomorrow, I noticed that the median price for homes sold in Charleston jumped up to $200,000 for the first time since July ...

Aside from normal seasonal trends, home sales in the Charleston real estate market has been pretty much a roller coaster ride for the past two years as seen by the chart below. Highlights:Stock market begins a serious slide led down by financial sector.Financial crisis, Wachovia, WaMu, Fannie, Freddie, Merrill Lynch, AIG and Lehman Brothers. Hank ...

Observations from the weekend. The Charleston real estate market is busy ... and of course, that's a good thing. Yesterday, I showed several homes to an out of town buyer who will be relocating to Charleston in the next 6 months to a year. One of the homes we were scheduled to see went under contract on Saturday but we were still able to see ...

Even though it's been a very good first half of the year for home sales in the Charleston real estate market, there is still a lot of inventory and the basic reason is that more than two homes are listed for sale in the Charleston MLS for every home that sells. Here are the numbers for the first half of 2010.   And so if you are ...

There is a spring selling season in real estate and while people buy and sell homes throughout the year, more do so in spring than any other time. A glance at the chart to the left shows that immediately after the Holiday season, interest starts strong and builds through the spring. As we enter July, vacations are at the top of most ...