Good To Know®
Berkshire Hathaway HomeServices Southern Coast Real Estate logo

Follow Us!

Connect with us on Twitter Connect with us on Google+ Connect with us on Instagram



Residential Properties SOLD through the Charleston Trident Multiple Listing Service for September  2018

Greater Charleston Area – 433

Mount Pleasant – 214

Summerville/Dorchester County – 208

Goose Creek/Moncks Corner/Berkeley County – 321

Daniel Island – 25




September 2018

Some economy observers are pointing to 2018 as the final period in a long string of sentences touting several happy years of buyer demand and sales excitement for the housing industry. Although residential real estate should continue along a mostly positive line for the rest of the year, rising prices and interest rates coupled with salary stagnation and a generational trend toward home purchase delay or even disinterest could create an environment of declining sales.

New Listings were down 5.2 percent to 1,573. Pending Sales decreased 2.1 percent to 1,212. Inventory shrank 8.6 percent to 5,441 units.

Prices moved higher as Median Sales Price was up 8.2 percent to $276,500. Days on Market decreased 5.7 percent to 50 days. Months’ Supply of Inventory was down 12.5 percent to 3.5 months, indicating that demand increased relative to supply.

Tracking reputable news sources for housing market predictions makes good sense, as does observing trends based on meaningful statistics. By the numbers, we continue to see pockets of unprecedented price heights combined with low days on market and an economic backdrop conducive to consistent demand. We were reminded by Hurricane Florence of how quickly a situation can change. Rather than dwelling on predictions of a somber future, it is worth the effort to manage the fundamentals that will lead to an ongoing display of healthy balance.

© 2018 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity Equal Housing Opportunity logo

Copyright © 2018 Berkshire Hathaway HomeServices Southern Coast Real Estate, Charleston South Carolina Real Estate. All Rights Reserved.
Site Design and Maintenance by Media Services, Inc.