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Charleston Real Estate Market Update

10/3/2013

We’ve included below a video update created by Carolina One Real Estate that provides MLS statistics for our local Charleston market. In summary, here are the trends we’re seeing this fall:

  • Active listings are down 34% compared to last year and down 5% compared to the previous month. This means that Charleston’s inventory of homes for sale is shrinking.
  • The number of days on market it takes to sell a home is down 17%. We’re seeing a better turnover of inventory because homes are selling faster.
  • The current median sales price has increased to $222,100.
  • The number of homes sold has increased 21% compared to this time last year and has decreased 2% month over month.
  • During the month, a total of 1,216 homes on the Charleston MLS.

Here’s the video below, and if you have trouble viewing it you can also see it directly on their website at http://www.carolinaonerealestate.com/community/charleston-sc.asp

 

 

 

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