Here is a snapshot of the Charleston real estate statistics for Charleston County. These stats compare the years 2009, 2010, and 2011.
Please note that the listings taken are down. This is great news, since we want the extraordinary high number of active homes on the market to come down. In any healthy real estate market, we want the active listing inventory to be around 6 months. This means that if no other new homes came on the market- it would take 6 months to sell the active homes at the current rate they are selling. Thus, these results show that we are trending in the right direction.
Also note that while the average sales price is again down, the number of closings are up. In other words, activity is up.
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.