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Home Sales Recap, August 2012 - Charleston County

Posted By Samantha Havens @ Sep 17th 2012 3:17pm In: Around Town

Well, folks it's good news.  Really good news.  Just by looking at the figures in the very top row of this report for August 2012, you can see the housing market continues to head in the right direction:

Sales and Listings are UP, Inventory is DOWN.

Knowing that we have been able to reduce market inventory by about 27% in just 1 year shows significant improvement and confidence for Charleston real estate as a whole.  Even with the flood of short sales and foreclosures that are still moving thru the sales funnel, average selling prices are up almost 3% YTD.  This is GOOD NEWS and we should continue to be optimistic about the future of our economy.  On the fence about selling your home?  These numbers prove that you shouldn't be.  The stock market has made almost 100% recovery from 2009.... buyers' confidence is much more stable and banks are lending with record low rates.  A tremendous recipe for successful real estate transactions. 

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