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 that Charleston SC Homes are truly unique. I look forward to helping you with any of you’re here at Charleston SC Homes For Sale we look forward to meeting all your real estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:
Charleston SC Homes For Sale : Charleston SC Homes June 2012 Housing Indicators
We’re halfway through 2012, and what a year it’s been. Residential real estate has finally taken some meaningful strides toward recovery, and they’ve all been self-powered without divine (or governmental) intervention. Yes, there have been some head fakes in the past, but there's real reason to believe that market turnaround awaits us. Beyond home prices, key metrics to watch include Days on Market, Percent of List Price Received and Months Supply of Inventory. Locally, several indicators showed improvement. Let's see what the rest of our local data has to say.
New Listings in the Charleston region decreased 3.2 percent to 1,475. Pending Sales were up 31.3 percent to 1,166. Inventory levels shrank 26.5 percent to 6,531 units.
Prices moved higher. The Median Sales Price increased 1.9 percent to $200,000. Days on Market was down 8.4 percent to 97 days. The supply-demand balance stabilized as Months Supply of Inventory was down 38.8 percent to 7.4 months.
We seem to be at a critical inflection point in our search for more employment opportunities. Job growth provides the dual benefit of stimulating new household growth as well as relieving distressed homeowners. There's also the positive feedback loop of housing creating jobs and jobs creating housing. Keeping the affordability picture afloat, the Fed has vowed to keep interest rates around 4.0 percent through mid-2013. CLICK HERE FOR ADDITIONAL INFORMATION.
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Sincerely,
"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
