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 : September 2015 National Housing Trends
Housing Metrics in August Stronger than Year Ago though there are Signs of Softening
With a surge in market share for current homeowners, the housing market continued to show strong metrics through August. While sales-to-list price ratios and time on market showed better readings than a year ago, some industry participants cautioned that the market was softening in the second half of August.
Current homeowners accounted for 49.3% of purchases in August, based on a three-month moving average after hitting a 12-month low of 44.9% in March. The first-time homebuyer share was 38.3% in May – a level not seen since 2010. But higher home prices and seasonal patterns combined to push the first-time buyer share down to 36.4% in August. The investor share of home purchases has also fallen from 18.7% in March to 14.4% in August.
The sales-to-list price ratio for non-distressed properties sold in August was 98.3%. The metric declined modestly compared with the 98.5% sales-to-list price ratio for non-distressed properties in July but remained above the August 2014 level of 97.5%.
All three states on the west coast maintained sales-to-list price ratios above 100% in August, led by California at 102.2%. Properties in the Farmbelt had the lowest sales-to-list price ratio during the month at 96.1%. “The market had its seasonal slowing in August,” said an agent in California. “But the market is still very hot. Inventory is low and home buyer demand is high.”
The average number of offers on non-distressed properties peaked in June at 2.2. Non-distressed properties sold in August received an average of 2.1 offers, slightly outpacing the average of 2.0 offers in August 2014. Learn more about the September 2015 National Housing Trends
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"Carolina Joe" Idleman