The Charleston, South Carolina area is a great place to live or have a vacation home. The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country. It is because of these reasons that I believe Charleston SC Homes are truly unique. I look forward to helping you with any of your Charleston SC Homes For Sale needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:
Charleston SC Homes For Sale : May 2014 National Housing Trends
Housing Market Set for Strong Spring Buying Season though Below 2013 Levels
The housing market this spring is shaping up to be solid while less robust than last year, according to the latest results from the monthly Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
Traffic from current homeowners and first-time buyers increased for the fourth consecutive month in April. However, owner-occupant indexes appear to be peaking below the levels seen in the spring of 2013.
“Market activity seems to be picking up as we get close to our normally high movement with summer sales,” said an agent in Arizona. “It’s below 2013 activity but we also have more inventory and the buyers have been ‘kicking a lot of tires’
before buying. They are fickle too. If things don’t go their way during the transaction, they cancel and go on looking again.”
The average number of offers on non-distressed properties has increased in recent months, hitting 2.0 in April, based on a three month moving average. That’s slightly below the average of 2.2 offers for non-distressed properties in April 2013.
Non-distressed properties in California continue to lead the county in offers, with an average of 2.8 offers in April. Non-distressed properties in Florida and the oil producing states also saw an elevated number of offers during the month, averaging 2.3 offers. Non-distressed properties in Arizona and Nevada were at the lower end of the spectrum, receiving an average of 1.6 offers in April.
The average time on market for non-distressed properties is well below levels seen after the financial crisis. Non-distressed properties sold in April were on the market for 9.9 weeks, the same average posted in April 2013. In April 2012, the average time on market for non-distressed properties was 13.4 weeks. Learn more about the May 2014 National Housing Trends here
As always, your thoughts, questions, or comments are greatly appreciated.
Let me know if I can help with any of your Charleston SC Homes For Sale needs or questions.
See Charleston SC Real Estate Blog for local attractions and current Charleston events.
Look at Charleston SC Homes For Sale anywhere in the tri-county area.
View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210
"Carolina Joe" Idleman