Charleston Real Estate Blog

You'll notice some additional information with this month's Charleston home price report. In addition to comparing prices by housing classification, single family homes and condos / townhomes less than and more than $600k, statistics for all Charleston home sales are now included. The first chart compares the median sales price for ...

Unit sales in the Charleston real estate market continue to decline from previous years. All the usual reasons continue to remain in place, fewer buyers either because of tighter lending standards, fear of overpaying or that home prices will decline in the future and I think most importantly, a growing lack of confidence in the economy. With what ...

Inventory remains at elevated levels but has stabilized at these current levels for more than 12 months. The absorption rate however has increased somewhat because of declining monthly sales. The absorption rate really isn't that bad for single family homes and condos/townhomes under $600k but for Charleston luxury real estate, the absorption ...

With all the attention focused on sharply declining home prices, I was curious about how prices appreciated and declined in one of the more overheated markets and while I'm not the biggest fan of the Case-Shiller index, on the slimmest of chances that their statisticians are just a little smarter than me :), let's look at their data ...

The Charleston real estate market differs from most other real estate markets around the country. Just look at Charleston home prices in the past 12 months compared to the previous 12 months and you just don't see major price declines, in fact, in some cases there is still price appreciation. It flies in the face of logic, ...

Unit sales continue to be lower than in previous years. The top graph is for single family homes under $600k which is the most important housing classification in the Charleston real estate market making up over 70% of all sales each month. Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed ...

Inventory and absorption rates in the Charleston real estate market continue to be elevated. Of interest is how the luxury condo / townhome absorption rate has escalated due to very high sales occurring earlier this spring and very few sales in the past few months. All other classifications seem to be holding steady, albeit at high ...

There is a lot of misconception regarding home prices today, the media and some analytics have highlighted sharp price declines across the country. But real estate is local and the Charleston real estate market has performed much better than many other areas around the country. I'm not a Pollyanna, I'm not wearing rose colored glasses and ...

All the headlines are dire. Case-Shiller gets big press every month as their statistics show home prices plummeting. But what would National housing prices look like if California, Florida, Nevada and Arizona were omitted from the data. After all, real estate is local and Charleston real estate and Charleston home prices ...

I was surprised to see Zillow's Q2 real estate update get coverage at face value without a discussion of the accuracy of their zestimates. Zillow's own website indicates a 10% +/- margin of error and yet, some very smart people like Barry Ritholtz at the Big Picture simply reported the statistics as gospel and drew some alarming ...