Charleston Real Estate Blog

This year, the Charleston real estate market report features a little different format by combining some of the charts and graphs as well as including Charleston home sales and inventory with home price statistics into one bigger and (hopefully) better market report. Statistics compiled by Howard Arnoff using the Charleston MLS as ...

Let's face facts. Home prices have declined over the past year. And if you bought a home in the past few years, your home is not worth more than when you purchased it no matter how nice it is, how good a deal you got or any other justification you might come up with. Buyers know this, Charleston real estate agents know this and appraisers know ...

The end of the year Charleston real estate market report is always the best of the 12 monthly Charleston housing market analyses for several reasons. First of all, I always go back and update all the late reporting from the past year to provide the most accurate statistics. And it is always amazing to find that there are always a dozen or so ...

I met Brad Rundbaken when we were both at Sandlapper Real Estate Group. He has a background in financial services, was a real estate appraiser and is currently a real estate consultant. Brad was way out front in calling the housing bubble (and credit bubble) and his indicators are based on trend analysis and the irrefutable law of supply and ...

Sales were up sharply but home prices were down year over year on both a median and average basis but when you look inside the numbers, the price declines were just as much a function of the mix of homes being sold as actual price declines. I don't think anyone believes that their home is worth as much as it was a few years ago, sarcasm ...

I've reported interim sales numbers for November previously so you probably already know that November was an outstanding month for real estate sales in Charleston. And while figures are never final because I'm constantly updating figures from as far back as the beginning of the year as Charleston real estate agents sometimes tend to ...

It seems that I always write about homes that sell but there are a lot of homes listed for sale in the Charleston real estate market that don't sell. The listing either expires unsold after an agreed upon listing period or is withdrawn from the market. In many cases, the seller will eventually hire another Charleston real estate ...

As a follow up to yesterday's post of Charleston absorption rate by price range, let's look at the absorption rate by location within the Charleston real estate market. And as you might expect, those areas in Charleston that have more entry level priced homes have a lower absorption rate than locations with more mid priced and luxury ...

The absorption rate measures how many months it would take to sell out of inventory at the current sales rate if no new inventory came on the market. Think about paper towels for a moment. If you spilled something in your home, depending on how much you spilled determines how many paper towels you need to soak it up. The same is true ...

There was better than expected news on existing home sales in November in large part due to the rush by first time home buyers to qualify for the $8k tax credit (since extended and expanded to existing home owners). Bloomberg reports "sales of existing U.S. homes in November rose to the highest level in almost three years as first-time ...