Charleston Real Estate Blog

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 ...

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 that the housing downturn was even worse than previously reported. The ...

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 height of the financial crisis and has slowly declined starting in 2009 and continuing through ...

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 last year. Both the median and average price in November were very comparable with last ...

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, the leading measure of U.S. home prices, show that nationally home prices did not ...

GIGO: Garbage in, Garbage out. In today's information age, we need good information. Incorrect data entry will lead to bad information and incorrect assumptions. Here's an example. I just noticed a home listed for sale in the Charleston MLS at $6.08 per square foot. Except the square footage listed for the home is not correct, ...

It was another solid month for the Charleston real estate market in October although home sales did not beat October of last year yet but just a handful of additional late reporting sales will either match last year or edge it out slightly. But, you can be assured that 2011 will handily beat 2010 and that is good news for the Charleston housing ...

Despite Gordon Gekko's famous pronouncement in Wall Street that Greed is Good, when it comes to Charleston homes available for sale, less is good (and better). A look at the chart below of the last 3 years of Charleston inventory of homes for sale clearly shows that it is trending down. Now of course, there are still far too many homes for ...