Found 2 blog entries tagged as Charleston SC Real Estate Market.

This is an update for the statistics in the Charleston real estate market from January-July '09 and '10.

-Attached is the monthly update of MLS stats.  Overall, comparing Jan-July 09 versus '10, we are seeing about an 18% increase in transactions and about a 2% increase in price.  The year to date numbers for transactions looks good, but it is now falling from it's high last month of 29% and will continue to do so since the tax credit is gone.  2010 will probably end up with just a few more transactions than 2009, certainly again below 9000 transactions.

-Also indicated in green and red are the numbers that were significantly different than the overall market numbers.  This was only done for areas that have enough transactions for the percentages to be…

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According to SmartMoney.com, the "Top 5" areas in the country that should have home prices performing the best for 2010 are:

  • Tacoma, Washington (increase of 2.44%)
  • Memphis, Tennessee (up 0.99%)
  • Pittsburgh (up 0.89%)
  • Charleston, South Carolina (up 0.18%)
  • Seattle (decline 0.50%)

Of course, one of the reasons being cited is because of Boeing building their 787 aircraft plant in Charleston, but also because the number of homes on the market in Charleston is declining, and our prices have remained in sync with household income over the past year.

 

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