Charleston, SC Real Estate Market Update March 22, 2010

Aug 14th 2010

Posted By: Brian Beatty @ 9:16am In: Market Update

The market continues to show signs of stronger activity. While actual closings and actual listings (the real indicators) are still very weak (listings are still climbing back near historic highs) (sales closed are still at near historic lows). There also seems to be a growing consensus that we are poised for a double dip housing market. Bringing this closer to home, Forbes and others have ranked Charleston one of the top 5 stronger markets in the South or Nation (depending on the report). In the event of a double-dip national market, this would point to the fact that Charleston will remain flat. In the event of continued National Improvement, we should be able to find solvent territory in the next 24 months. The next 90 days are critical to watch. There's going to be a major shift in sentiment to one extreme or another.

Current market data:

Number of active listings: 9888
Number of pending listings: 2063
Number of sold listings in past 30 days: 664

Share this Post: