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 : February 2016 National Housing Trends
Most Housing Market Metrics Remain Strong Despite Start of Winter, CFPB Disclosure Rule
Most housing market metrics continue to be strong, though low inventory is an ongoing issue, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
The average time on market for non-distressed properties might have reached a winter peak at 9.3 weeks in January, based on a three-month moving average. The average time on market for non-distressed properties was well below the average of 10.6 weeks seen in January 2015.
Many real estate agents suggested that the average time on market was relatively low due to a lack of housing inventory. “There aren’t enough homes on the market to meet the demand,” said an agent in Utah. “Anything priced well is going under contract within days of hitting the MLS.” An agent in Colorado noted that there are few active listings. “When a search is narrowed by location, school system, home amenities and price, it is a challenge to find many properties to show,” the agent said. “In the lower price range, if an agent doesn’t show a home the day it appears in the MLS, their buyer may very well lose the opportunity.”
Homes sold in the Rocky Mountain states had the lowest average time on market among non-distressed properties in January. Non-distressed properties in the area had an average time on market of 5.8 weeks, followed by California with an average of 7.0 weeks. Non-distressed properties in the Farmbelt had the highest time on market in January at an average of 12.6 weeks. Learn more about the
February 2016 National Housing Trends here.
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"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
