Future Prices Chart Continues to Look Excellent!
Posted by Cathy Hunnicutt on Monday, May 16, 2016 at 2:59 PM By Cathy Hunnicutt / May 16, 2016 Comment
Charleston SC MLS Future Price Predictions!
The chart below is an attempt to look at where prices are going in the immediate future. It compares the last 2 months of sales to what is currently under contract (AC/P). What is currently under contract seems to represent roughly the next 2 months of sales. It assumes that those properties under contract will sell for 95% of their current LIST price.
Active inventory continues to hold steady at around 5k units. However, under contract units is up to a very high level of over 4k units.
The median list price of the active inventory continues to rise. Short sales and foreclosures now make up less than 3% of all active inventory.
The future prices chart continues to look excellent!
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