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 : November 2016 National Housing Trends
Prices on Non-Distressed Properties Decline For Second Consecutive Month in October
Average prices on non-distressed properties declined for a second consecutive month in October as part of a typical seasonal slowdown, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
Non-distressed properties sold during October had an average price of $297,300, based on a three-month moving average. That was down 1.8% from the previous month and down a total of 4.1% from the average price of $310,000 in August. Prices in October were up by 3.4% percent compared with the average price for nondistressed
properties sold in October 2015.
While the decline in home prices nationally was part of a seasonal slowdown, in some areas, the typical decline in demand from homebuyers during the fall has resumed after years of relatively strong sales. “Silicon Valley has had a hot seller’s market since 2013 and seems to have dropped off starting in about June,” said a real estate agent in California.
An agent in Florida attributed the decline in home prices to decreased demand from foreign homebuyers. Another agent in the state noted that the decline in demand from homebuyers has been concentrated on higher-priced homes. “Homes priced over $350,000 are taking some time to sell,” the agent said. “Homes priced under $300,000 are selling quickly and homes priced below $200,000 always seem to have multiple offers driving the price higher.” Learn more about the November 2016 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