This is an update for the statistics in the Charleston real estate market from January-July '09 and '10.
-Attached is the monthly update of MLS stats. Overall, comparing Jan-July 09 versus '10, we are seeing about an 18% increase in transactions and about a 2% increase in price. The year to date numbers for transactions looks good, but it is now falling from it's high last month of 29% and will continue to do so since the tax credit is gone. 2010 will probably end up with just a few more transactions than 2009, certainly again below 9000 transactions.
-Also indicated in green and red are the numbers that were significantly different than the overall market numbers. This was only done for areas that have enough transactions for the percentages to be relavant. It is quite interesting to note that the only areas with green in both transactions and price are Kiawah & Seabrook, The Charleston Peninsula, and Daniel Island.
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.