Charleston, SC Real Estate Market Update!
Current Charleston, SC area trends in home prices & inventory, in addition to trends in the Charleston rental market! PLUS, our market projections from our "crystal ball"! ------
The Charleston, SC residential real estate market has shown continued recovery in the last 12 months.
Current inventory (No. of Homes for Sale) continues to fall, and average absorption has moved from 8.38 months for 2011-2012 to 6.00 months for 2012-2013, thus moving from a “Buyer’s Market” into a “Neutral Market”.
Median sales prices in the metro area have recovered, with the 12-month rolling average in the entire MLS surpassing the $200,000 mark again, for the first time since 2008, a 6.7% increase in the last 12 months.
Real estate is hyper-local: The different sub-markets of the Charleston Metro Area behave somewhat differently and may have significant differences with respect to the “timing” of the recovery cycle...
Our “Crystal Ball” – Where are the Opportunities? Click here to download the complete Market Update PDF for FREE!
The download includes current Charleston, SC area trends in home prices & inventory, in addition to trends in the Charleston rental market!
Is now the right time for you to sell you home? Call 843-900-0155 to discuss your options!