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Create A BlogCharleston, SC Real Estate Market Statistics for October 2009 |
Charleston, SC Real Estate Market Statistics for October 2009
| Charleston, SC Real Estate Market Statistics - October 2009 | |
|
New Listings |
|
|
Total |
367 |
|
Average List Price |
$437,710 |
|
Median List Price |
$249,900 |
|
Sold Listings |
|
|
Days on Market (DOM) |
112 |
|
Total |
114 |
|
Average List Price |
$400,797 |
|
Average Sold Price |
$369,767 |
|
Median Sold Price |
$198,000 |
|
% Selling Price/Listing Price |
92% |
|
Current Active Listings as of Nov. 2, 2009 |
|
|
Days on Market (DOM) |
218 |
|
Total |
2546 |
Summary:
The real estate market in Charleston, SC is a definitely a buyers market, for homes sold in October, the sellers only received 92% of the listing price and for every home sold there was over 3 new home listed. Based on the current rate homes being sold of 114 and a inventory of 2546 homes on the market, it will take over 22 months to sell all those homes.
If you are trying to sell, you need to make the decision to short sale your home or not to sell or rent long term (i.e. if you are relocating). The real estate market locally and nationwide is still trying to find bottom. Based on the data, some price ranges and areas have found bottom for home prices and others still need to drop.
TIP: Have a real estate professional, sit down with you and have them show you the data. Numbers do not lie and they can tell you want is selling, for what price, and how long it took to sell. With the correct data. Data that compares your home with other similar homes in your area, will paint a true picture of how much and how long it will take to sell your home.
Charleston, Goose Creek, & Hanahan Real Estate For Sale
Matt Naumann – Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is “There is always a way!” Google or Call me (843) 818-9898 and let’s discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.
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1. RE: Charleston, SC Real Estate Market Statistics for October 2009
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