Posted By Alan Donald @ Jul 25th 2016 6:07pm In: Mt Pleasant Real Estate Market

We have been experiencing a "boom market" in Mount Pleasant since 2013. Home prices are now above the "high water mark" record prices established in 2006.

However, our real estate market in Mount Pleasant is not as "hot" as it used to be in 2005 and 2006. How do we measure this?

a) Percent of Original Price. The graph shows that in 2005-06 the median percent of original list price in Mount Pleasant (12-month moving average) was 98.7%. Right now (July 2016) it is hovering about 96.4%

b) Days on Market - how fast are single family homes selling? In June 2005 the 12-month rolling average for the median Days on Market was 18 days. Right now that chart shows 24 days. 

So, hot? Yes. Super-hot? Not as it was in 2005-2006. 

Call/text 843-900-0155 to find about these stats for your neighborhood.

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