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 : April 2016 National Housing Trends
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First-Time Buyers Gain Market Share from Current Homeowners; Strong Spring Expected
Demand from first-time homebuyers was strong in March while demand from current homeowners weakened, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
First-time homebuyers accounted for 37.8% of home purchases during the month, based on a three-month moving average, up from a 36.7% share in February. The current homeowner share of purchases fell to 46.0% in March from 46.5% the previous month.
The average time on market for non-distressed properties was also significantly lower compared with a year ago. The average time on market for non-distressed properties in March was 9.8 weeks, down from an average of 10.8 weeks in March 2015.
The average time on market was lowest in the Pacific Northwest at 6.5 weeks in March. Arizona and Nevada had an average time on market of 6.8 weeks for nondistressed properties during the month. And California, often the leader in terms of shortest time on market for non-distressed properties, had an average of 7.1 weeks for such properties in March. “I see many listings go pending within days of being on the market,” said an agent in California. “A few that are overpriced tend to stay on the market for a couple of months.”
The average number of offers on non-distressed properties continued a gradual increase in March, hitting an average of 2.1 offers.
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Sincerely,
"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
