Newsletter – December 2023

Newsletter – December 2023

U.S. sales of new residential homes dropped 5.6% from the previous month to a seasonally adjusted annual rate of 679,000, according to the Census Bureau. However, sales were still up 17.7% year-over-year, as the lack of existing-home inventory continues to benefit the...
Newsletter – September 2023

Newsletter – September 2023

New-home sales recently hit a 17-month high, rising 4.4% month-over month nationally, according to the U.S. Census Bureau. New-home sales were up 31.5% year-over-year, led by gains in the Midwest and West, where monthly sales jumped 47.4% and 21.5%, respectively. The...
Newsletter – April 2022

Newsletter – April 2022

Millennials are entering the housing market at a record pace, fueling demand and driving sales prices higher amid an epic housing shortage. Currently, millennials represent 22% of the U.S. population but make up 43% of the current market share, according to the...
Newsletter – December 2021

Newsletter – December 2021

November 2021, Charleston home prices were up 11.6% compared to last year, selling for a median price of $430K. On average, homes in Charleston sell after 48 days on the market compared to 65 days last year. There were 368 homes sold in November this year, down from...
Newsletter – October 2021

Newsletter – October 2021

The overall Median Sales Price were up 15.8 percent to $337,000. The property type with the largest price gain was the Condos segment, where prices increased 16.4 percent to $259,900. Market-wide, inventory levels were down 47.1 percent. The property type that lost...
Newsletter – August 2021

Newsletter – August 2021

Summer is coming to an end but the housing market is still heating up! Buyers continue to flood the market in search of their next home, with rock bottom inventory and record high sales prices reported throughout much of the county. Although closed sales were down...