Let’s talk about data. Navigating through a complex and fast-moving marketplace is
tough work. Agents are being called upon to provide fact-based guidance in a timely
fashion – and rightly so. MLS data is detailed, accurate and very much “now.” It
makes the magic of data-driven decision-making possible. So go ahead, channel the
collective energy of your hard-earned status changes and let’s see what the facts tell
us about March 2012. Happy data-ing.
New Listings in the Charleston region decreased 13.2 percent to 1,548. Pending
Sales were up 37.6 percent to 1,204. Inventory levels shrank 25.0 percent to 6,685
units.
Home prices are slowly starting to turn a corner. The Median Sales Price increased
2.5 percent to $182,240. Days on Market was down 3.0 percent to 113 days.
Absorption rates improved as Months Supply of Inventory was down 34.8 percent to
7.9 months.
Read more: Download the March 2012 Indicators (PDF)
