Here's a good video with an analysis for the 3rd quarter of this year. A couple of points worthy of special attention:
- Active homes on the market have decreased for the 3rd straight year (at end of 3rd Quarter).
- There is an increase (6.8%) in median sales price compared to the 3rd quarter last year.
- Sellers are getting 90.2% of their list price in negotiations.
- Buyers continue to control the market due to low interest rates, # of houses on the market, and a favorable negotiating environment.
Mike Ciucci specializes in the Charleston SC real estate market. He has been a Charleston realtor for over 15 years, focusing on quality and attention to detail his clients have come to expect.