Charleston, SC Real Estate Market Statistics for February 2010

 Summary:

The real estate market in Charleston, SC is a definitely a buyers market, for homes sold in February, the sellers only received 95% of the listing price and for every home sold there was over 3 new homes listed.  Based on the current rate homes being sold of 90 and a inventory of 1496 homes on the market, it will take over 16 months to sell all those homes.

Note:  A well priced home will sell faster and closer to the listing price.

MUST READ BUYING TIP:

From the Home Buyer’s perspective, there are 4 Big Reasons Why you should Buy in the next 3 months:

1.) Low Interest Rates

2.) First Time Home Buyer Tax Credit – FREE $$$$$

3.) Low Home Prices

4.) Lots of Home For Sale

In the next 3 months, the low interest rates will start rise due to the government discontinuing their mortgage buying program and deadline eligibility for the First Time Home Buyer Tax Credit will run out at the end of April.

By not taking advantage of the low interest rates and the First Time Home Buyer Tax Credit, you are literally missing out on thousands of dollars.

MUST READ SELLING TIP:

From the Home Seller’s Perspective, here are the 3 Big Reasons Why you should try to Sell in the NEXT 30 DAYS:

1.) Serious Home Buyers are going to Buy Now

2.) Inventory of Homes on the market is expected to grow (i.e. spring market & Foreclosures)

3.) Home Prices may continue to trend downward

Many active home buyers, if they are serious will take advantage of the low interest rates and the First Time Home Buyer Tax Credit.

In my opinion, those home buyers who were not very serious may decide not to buy due to higher interest rates and the eligibility for the First Time Home Buyer Tax Credit runs out.

By waiting to sell later this year and with the possibility of home prices going lower, you potentially could stay on the market much longer and sell for a lower price than right now.

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.