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Charleston SC Homes For Sale : December 2013 National Housing Trends

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Charleston SC Homes For Sale : December 2013 National Housing Trends

Charleston SC Homes For Sale : December 2013 National Housing Trends

Housing Market Remained Strong in November Although Signs Point Toward Regional Slowing

A number of positive trends in the housing market continued in November, according to the latest results from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. However, real estate agents in Arizona, California
and Nevada cautioned that their markets might be slowing.

Homebuyer traffic started its seasonal rebound in November for current homeowners, first-time homebuyers and investors, according to HousingPulse’s national homebuyer traffic diffusion indexes.

Investors also accounted for a growing share of closed transactions, at 18.8% in November, based on a three-month moving average. Investors have increased their share of purchase activity in the past three months even though prices on damaged real estate owned properties are increasing, suggesting that investors have confidence
in the market.

Time on market in November averaged 9.0 weeks nationally for non-distressed properties, based on a three-month moving average. In November 2012, time on market averaged 12.2 weeks. The average number of offers on non-distressed
properties also remained elevated in November at 2.1, based on a three-month moving average.

And the national sales-to-list price ratio for non-distressed properties increased in November after three consecutive monthly declines. The national average sales-tolist price ratio for non-distressed properties was 97.4% in November, based on a three-month moving average.   Learn more about the December 2013 National Housing Trends here.

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