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”.

Click here to download the complete Market Update for FREE.

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!

VIDEO: What's the Market Doing?! Mt Pleasant Real Estate Market Update!

VIDEO:  Mount Pleasant Market Update! 
For custom market update or valutation of your home call 843-900-0155.

or Watch video here.

As you know the residential market went through a low until about 2010 and it has been recovering ever since. And we have had a pretty good year in the last 12 months in Mount Pleasant, SC with inventory going down substantially and demand rising and prices are actually going up (with only 3 and a half months inventory in terms of absorption). However, there are a couple of things that may slow down our market growth. One is the unusual growth in inventory - normally after June/July inventory starts decreasing until the end of the year. This year it was a little bit unusual it started increasing again in the past 2 months (as of the end of September). The other thing that might put a little damper on our explosive HOT market is the re-pricing of flood insurance by FEMA. FEMA has decided not to subsidize flood insurance nationwide and as a consequence our flood insurance prices will go up all over the coastal areas. However, there are a lot of opportunities out there - a lot of new construction projects being built, prices are going up, and people are finding that if they price their home right it will sell in a matter of a few days for a good price.

For a more detailed analysis of the market please click here.

To learn how the market trends are going to effect the value of your home contact us at 843- 900-0155 or alan@alandonald.com.  We are a team of Market Experts!


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