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 : October 2014 National Housing Trends
Seasonal Slowing of Home Sale Activity Begins While Pricing Metrics for Market Are Strong
Homebuyer traffic started its typical seasonal decline at the end of the summer but a number of pricing metrics remained strong as of September, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. “It’s a good stable market,” said an agent in Arizona. “Everything I list sells but the market isn’t crazy like it was before.”
Average prices for non-distressed properties increased in September compared with the previous month. Average prices for real-estate owned properties and short sales also increased during that time. After two months of declines, the sales-to-list price ratio for non-distressed properties increased in September, hitting 97.6%, based on a three-month moving
average.
Sales-to-list price ratios remain highest in California, at 100.6% in September. The Pacific Northwest, Oil Producing states and Rocky Mountain states also had sales-to-list price ratios at or above the national average.
An agent in California said homes that have been updated, well maintained, andin an excellent school district tend to be the types of properties that receive offers above the listed price. Another agent noted that demand has declined and inventories have increased, putting pressure on sales-to-list price ratios. “We have gone from a seller’s market to more of a normal market with an average number of buyers and sellers,” said an agent in California. “At the beginning of the year we had a little over a month supply of inventory, now we have over four months’ supply.”
Learn more about the October 2014 National Housing Trends here.
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Sincerely,
"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
