Market Update for Charleston, SC Real Estate
Posted by Mike Ciucci on Tuesday, September 29th, 2009 at 12:07pm.The expiration of the federal tax credit for first-time homebuyers still seems to be spurring activity in the Charleston market. Pending sales were up 23.8% in August, which marked the largest increase in pending sales since 2005.
There are fewer new listings on the market, with 1,583 new listings in August, which is a 6.8% decrease from last August 2008. This is great news, which means less housing inventory to absorb.
Prices are still in decline, showing a 5.2% drop from last August 2008. However; this is a smaller decline than seen in prior months, indicating that prices may be a little stronger...slightly.
Here are some visual market stats for you, taken from the Charleston MLS:



Mike Ciucci
Carolina One Real Estate
Phone: 843.608.8378
Email: mike@buyingcharlestonrealestate.com
www.BuyingCharlestonRealEstate.com
Mike Ciucci specializes in the Charleston SC real estate market. He has been a Charleston resident for over 25 years, focusing on quality and attention to detail his clients have come to expect.
3 Responses to "Market Update for Charleston, SC Real Estate"
[...]a few months in a row, home builder stock prices are rising, bloggers are reporting good news in their markets and home builders themselves are starting to regain confidence. Overall, we’re far from a[...]
Posted on Friday, October 2nd, 2009 at 12:58 AM.
You always have such interesting posts. Keep up the good work.
Posted on Tuesday, October 6th, 2009 at 8:07 AM.
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Well done! Nice article. Very informative. Nice site. Hire Mike!
Posted on Tuesday, September 29th, 2009 at 6:17 PM.