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




Posted by Mike Ciucci on


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Well done! Nice article. Very informative. Nice site. Hire Mike!

Posted by Nat Wallen on Tuesday, September 29th, 2009 at 2:17pm

You always have such interesting posts. Keep up the good work.

Posted by Myrtle Beach South Strand real Esate on Tuesday, October 6th, 2009 at 4:07am

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