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 Real Estate Blog: Charleston SC Homes May 2012 Housing Indicators
Combined with strong sales, the recent drop in listing activity has translated into competing bids on existing inventory and modest price gains in select neighborhoods. Informed sellers have noticed homes selling quicker and for closer to asking price. Home searches are turning up far fewer results than in recent years. National headlines mask regional variability. With fewer distressed properties selling, prices are effectively “melting up” due to less downward pressure. May looks pretty good all around.
New Listings in the Charleston region decreased 3.3 percent to 1,448. Pending sales were up 42.1 percent to 1,245. Inventory levels shrank 27.8 percent to 6,494 units.
Prices moved higher. The Median Sales Price increased 11.2 percent to $200,000. Days on Market were up 1.6 percent to 107 days. The supply-demand balance stabilized as Months Supply of Inventory was down 40.5 percent to 7.4 months.
In economic news, May's jobs report was disappointing, and there's a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60-day National Flood Insurance Program extension. But with campaign season upon us, major housing-related bills or policy shifts are unlikely. CLICK HERE FOR ADDITIONAL INFORMATION.
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Sincerely,
"Carolina Joe" Idleman
http://www.charlestonscrealestateforsale.com
