Incredible Activity Thus Far for 2015!
There's no doubt - this year has the potential to be a record breaker for Charleston real estate sales! Overall, closed sales are up 15.5% over January and February of 2014. The prices are climbing to a sustainable rate. Many Buyers report the current prices remind them of 2006-07, when in fact we are actually under the trend line. Demand is at a near all time high, but the supply just isn't available. Another remarkable difference in today's market verses 2006-7 is credit. The credit that was once too easy to get, is now becoming increasing challenging to acquire.
The Trend Charts below report all of the Charleston area's market activity since 1991.