Charleston Real Estate Blog

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 ...

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 ...

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 ...

It was another banner month in the Charleston real estate market during May with the highest number of sales in three years. But a sneak peak ahead will show that June will be even better with 956 sales, 19 percent higher than June of 2009 and beating May by 4 percent. And the chart below will also show you that home prices have stabilized on a ...

There was lots of coverage in the past several days about new home sales plunging to a record low in May and purchases of existing homes unexpectedly fell but Charleston home sales were higher in May compared to both May 2009 and April 2010. Here are the numbers. Statistics compiled by Howard Arnoff using the Charleston MLS as the source of ...

It was another excellent month in the Charleston real estate market during April with sales 11.7 percent higher than March and 43.8 percent higher than in April of 2009. And there should be even more good news to report in the next few months with 674 closings already recorded for May (and regular readers know that many more closings get entered ...

March was another very good month for the Charleston real estate market with sales almost 16% higher than March 2009. Even more importantly, sales improved in all price categories showing that it isn't just first time home buyers claiming the tax credit but both the step up buyer of mid priced homes and the high end luxury home buyer have ...

This is no April Fool's joke. The Charleston real estate market is doing very well considering everything being reported in the media about double dips, foreclosures, the economy, etc. February was an excellent month with sales higher on a year over year basis than February 2009 and most importantly, significantly higher in all price ...

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 ...