Real Estate Market Conditions for Summerville & Charleston, SC – May 2012

Video Recap: If you don’t have time to watch the video here are the bulletin points!

Charleston Real Estate:

  • Boeing rolled out the Boeing 787 Dreamliner this month. Boeing is a huge stablilizer for the Charleston economy & market. This is great news.
  • 6,650 houses are active on the market in the Greater Charleston area.  This compares to 12,000 only  2 years ago.
  • 2699 houses are under contract in Charleston
  • 4083 have sold in the last six months.

Summerville Real Estate

  • Summerville has 924 homes for sale.
  • 733 have sold in last six months in Summerville and 498 are under contract in Summerville.

Other Charleston & Summerville Real Estate News:

  • Investors are coming out of the woodwork looking for deals. Investors perceive that the bottom has happened and market is rising.
  • Where has it not changed? The top still has 20-24 months of inventory. Expensive houses are still sitting.

Interested in past months Charleston Market Condition Videos you can view them all here.

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s