A house. It’s the single largest investment most families make. It’s where we rest our heads every night. Houses represent the brick and mortar that comprise the very communities in which we live. They provide us with a sense of place to extend our roots downward. We raise our families under the safety and warmth of their rooftops. Our houses become homes.
Let’s analyze these structures that are so much more than that, and let’s take a look at how our home market began 2011. Pending Sales in the Charleston region inched up by 0.6 percent from January 2010 to 712 agreements signed. New Listing activity declined by 17.1 percent, which means sellers placed 1,498 new homes on the market. At this rate, they should expect their properties to sell after approximately 117 days.
Prices continue to soften. Median Sales Price fell by 9.6 percent from last January to $174,495 …
See all the indicators: Download the January 2011 Monthly Indicators (PDF)
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