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 : Greater Charleston March 2014 Housing Indicators
During this year's spring refresh, seller activity is the first item on the watch list. Low inventory has been a national headline grabber, and many are eager to see if this is the year that brings a bevy of new properties to market for ready-to-buyers. Investor activity and cash purchases should be monitored, as well, along with any increases
in new construction. And although interest rates are up from their all-time lows, borrowing costs are still remarkably affordable. It's cheaper to own than to rent in
New Listings in the Charleston area increased 4.3 percent to 2,028. Pending Sales were up 20.3 percent to 1,512. Inventory levels shrank 8.1 percent to 5,953 units. Prices marched higher. The Median Sales Price increased 9.4 percent to $219,728.
Days on Market was down 11.5 percent to 77 days. Absorption rates improved as Months Supply of Inventory was down 21.3 percent to 5.4 months.
Consumers are in better shape for the current financial landscape, just in time for the primary home-buying season. Along with an uptick in consumer confidence, GDP growth was revised up to 2.6 percent by the Commerce Department. Consumer spending has risen and claims for unemployment benefits have decreased. Economic health fuels housing market growth. Employed, confident people with rising incomes tend to purchase real property. CLICK HERE FOR ADDITIONAL INFORMATION.
During this year's spring refresh, seller activity is the first item on the watch list. Low inventory has been a national headline grabber, and many are eager to see if this is the year that brings a bevy of new properties to market for ready-to-buyers. Investor activity and cash purchases should be monitored, as well, along with any increases
in new construction. And although interest rates are up from their all-time lows, borrowing costs are still remarkably affordable. It's cheaper to own than to rent in
New Listings in the Charleston area increased 4.3 percent to 2,028. Pending Sales were up 20.3 percent to 1,512. Inventory levels shrank 8.1 percent to 5,953 units. Prices marched higher. The Median Sales Price increased 9.4 percent to $219,728.
Days on Market was down 11.5 percent to 77 days. Absorption rates improved as Months Supply of Inventory was down 21.3 percent to 5.4 months.
Consumers are in better shape for the current financial landscape, just in time for the primary home-buying season. Along with an uptick in consumer confidence, GDP growth was revised up to 2.6 percent by the Commerce Department. Consumer spending has risen and claims for unemployment benefits have decreased. Economic health fuels housing market growth. Employed, confident people with rising incomes tend to purchase real property.
CLICK HERE FOR ADDITIONAL INFORMATION.
As always, your thoughts, questions, or comments are greatly appreciated.
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Sincerely,
"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
