This week in Charleston real estate

It was another busy week in the Charleston real estate market. The 261 homes that were reported sold this week brought October home sales to 896, well above last October?s 690 sales. What was surprising this year is that there were more home sales in October than in September because last year there were over 100 more sales in September than October.

Now I sure hope I didn?t confuse anyone with the above sentence but to clarify, sales usually trend down in the 4th quarter of the year as the focus turns toward the holidays rather than buying or selling a home. The strength of the Charleston real estate market is continuing to surprise everybody, buyers, sellers and?Charleston?real estate agents.

And for those of you who like to keep track of the backlog of homes under contract, as of this morning in the Charleston MLS, there were 1808 homes that are listed as contingent and 662 homes that are pending so that number just slipped a little bit below the 2500 + we?ve been seeing for a while now.

This week in Charleston real estate:

• 292 new listings came on the market at an?average price of $309,158
• 211 homes went under contract at an average price of $269,342
• 261 homes were reported as sold this week in the Charleston MLS at an average price of $252,178

Statistics compiled by Howard Arnoff using the Charleston MLS as the source of data, information deemed reliable but not guaranteed.

Source: http://charlestononlinehomes.com/2012/11/05/week-charleston-real-estate-58/

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