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| North Charleston, SC Real Estate Market Statistics - November 2009 |
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New Listings |
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Total |
57 |
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Average List Price |
$190,163 |
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Median List Price |
$143,000 |
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Sold Listings |
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Days on Market (DOM) |
85 |
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Total |
55 |
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Average List Price |
$154,185 |
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Average Sold Price |
$148,388 |
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Median Sold Price |
$159,900 |
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% Selling Price/Listing Price |
96% |
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Current Active Listings as of Dec. 21, 2009 |
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Days on Market (DOM) |
169 |
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Total |
417 |
Summary:
The real estate market in the North Charleston, SC is definitely a Buyer's Market, for every listing sold in the month of November there was than 1 new listings added. The final selling price is at 96% of the listing price, which means home prices need to still come down to attract more buyers. Based on the number of homes sold in November and the current active listings, there is over 7.5 months of inventory.
Note: A well priced home will sell faster and closer to the listing price.
Buying Tip: Take advantage of low mortgage interest rates. The low mortgage interest rates are due to the government buying the mortgages and trying to stimulate the economy. The government will stop buying mortgages in March of 2010. When mortgages rates start to go up, buying power will go down for home buyers. Take advantage of the low rates now, before they are gone.
Selling TIP: If you are selling your home or are considering selling, there is no better time than right now. The main reason is because, the number of homes for sale (i.e. your competition) normally drops significantly. Another reason is because, the home buyers looking right now are more serious (i.e. relocating due to job). The last reason is because, the number homes listed for sale is expected to increase substantially in the months to come with another predicted wave of foreclosures and homes be listed for the spring market.
Charleston, Goose Creek, & Hanahan Real Estate For Sale
Matt Naumann – Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is “There is always a way!” Google or Call me (843) 818-9898 and let’s discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.
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Today's Rates:
| 30-yr Fixed | 4.97% | 5.13% | | 15-yr Fixed | 4.33% | 4.56% | | 1-yr Adj | 4.27% | 5.3% |
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