A Snapshot of the Charleston Real Estate MarketPosted by Mike Ciucci on
When will the Charleston real estate market "hit bottom"? How much further down do we have to go until home prices begin to stabilize? Well, no one really knows for sure but CNNmoney.com have published their analysis of the real estate market here in Charleston. I wanted to share with you some interesting information I've found from it:
- Out of the nation's 100 largest metro areas, Charleston, SC ranks 89.
- The population for the city of Charleston is 603,178.
- Home prices peaked in the first quarter of '07.
- The forecast for home prices through March of 2010 (from now) shows being down 0.1%. I find this hard to believe, as I believe the number to be more than that. However, this forecast is great news for our local Charleston market. Let's hope…
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