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 : June 2013 National Housing Trends
Trends for Non-Distressed and Distressed Properties Diverge as Investors Pull Back
Investors have significantly reduced their home purchase activity in recent months, prompting divergent trends among property types. The non-distressed market continues to be strong, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey results. The average number of offers and sales-to-list price ratios have increased in recent months while average time on market for non-distressed properties has declined. Non-distressed properties received 2.3 offers in May, based on the three-month moving average, the third consecutive monthly increase for the metric. “Still really short of inventory to show my buyers and we face multiple offers with people willing to pay over the appraised price of the property,” according to a real estate agent in California.
Average offers on non-distressed properties vary by region, with Arizona, California and Nevada leading the country. Non-distressed properties in California received 4.1 offers in May, based on the three-month moving average. Nondistressed properties in Arizona and Nevada received 3.1 offers in May, based on the
three-month moving average.
Properties in Farmbelt states of Iowa, Kansas, Minnesota, Nebraska, North Dakota, South Dakota and Wisconsin received 1.4 offers in May, based on the three-month moving average. Properties in the South and Industrial Midwest also averaged fewer than 2.0 offers in May.
Sales-to-list price ratios on non-distressed properties increased for their fifth consecutive month to 97.6%, based on the three-month moving average. Learn more about the June 2013 National Housing Trends here.
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Sincerely,
"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
