This is a quick quarterly report with year to date Spring totals for 2012 compared to 2011 by area.

Worth noting:  the REO (Real Estate Owned, aka Foreclosure) closings are down from last year this same time by 30%. Closings are up 10% in Charleston county YTD while down 5% in Dorchester and flat in Berkeley County.  With the pendings up 30%, closings will catch up and with inventory falling, our local Charleston real estate market looks to be in recovery mode.

 

Market Statistics Spring 2011 vs 2012 

Let us know if you'd like a customized report for any particular area or Charleston neighborhood

 

Posted by Mike Ciucci on

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The Hilton Head & Bluffton market is looking pretty similar. Pending and closing numbers are up, inventory is down significantly compared to a couple years back. Still very much a buyers market and we're seeing those buyers taking action much more quickly than even a year ago. Good to hear things are looking good up your way as well.

Posted by Hilton Head Real Estate on Saturday, May 12th, 2012 at 10:02am

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