Market Update for Charleston, SC Real Estate

Posted by Mike Ciucci on Tuesday, September 29th, 2009 at 8:07am.

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:


New Listings for Charleston

 pending_sales_640

 closed_sales_640

historical_market_activity2_640

  Mike Ciucci Realtor

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.

Mike Ciucci
Carolina One Real Estate

Phone: 843.608.8378
Email: mike@buyingcharlestonrealestate.com

www.BuyingCharlestonRealEstate.com

3 Responses to "Market Update for Charleston, SC Real Estate"

Nat Wallen wrote: Well done! Nice article. Very informative. Nice site. Hire Mike!

Posted on Tuesday, September 29th, 2009 at 2:17pm.

Real Estate Recovery: Information and Tools to Evaluate Your Real Estate Market wrote: [...]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 Thursday, October 1st, 2009 at 8:58pm.

Myrtle Beach South Strand real Esate wrote: You always have such interesting posts. Keep up the good work.

Posted on Tuesday, October 6th, 2009 at 4:07am.

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