The Charleston, South Carolina area is a great place to live or have a vacation home. The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country. It is because of these reasons that I believe Charleston SC Homes are truly unique. I look forward to helping you with any of your Charleston SC Homes For Sale needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:
Charleston SC Homes For Sale : August 2016 National Housing Trends
Market for Non-Distressed Properties Remained Seasonally Strong in July
Demand for non-distressed properties from current homeowners helped the strong housing market seen this summer continue in July, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
The sales-to-list price ratio on non-distressed properties was 98.3% in July, based on a three-month moving average. The metric has increased each month since February when it was at 97.1% and was nearing the peak of 98.5% seen in July 2015. “There’s still a shortage of inventory which has led to increasing numbers of offers and prices,” said a real estate agent in Illinois.
States on the west coast had the highest sales-to-list price ratios in July, with the Pacific Northwest posting a ratio of 100.1% and California at 100.0%. Florida had the lowest average sales-to-list price ratio in July at 95.6%. “If priced right, listings do not last,” said a real estate agent in California. “Buyers are not biting on overpriced listings.”
Non-distressed properties accounted for 83.3% of homes sold during July with an average price of $300,900, up 3.7% compared with July 2015. Current homeowners have accounted for a growing share of home purchases in recent months, outpacing first-time homebuyers and investors. Current homeowners accounted for 48.6% of home purchases in July, followed by first-time buyers with a 39.0% share and investors with a 12.4% share. Learn more about the
August 2016 National Housing Trends here.
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Sincerely,
"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
