Posted by Jonathan J. Miller -Thursday, November 9, 2006, 12:01 AM
[The research for this quarterly market report is provided by Brad Rundbaken, of Rundy Consulting, a real estate appraiser and investor with a stock brokerage background. He analyzes the Charleston real estate market using the Charleston-Trident MLS and inserts a lot of extra analysis on the national housing market. He’s also got a blog. Here are the areas he covers and his methodology -Jonathan Miller
The overall Charleston real estate market showed a slight price decline from the prior quarter as well as rising inventory and a decline in the number of sales.
Prices are unchanged as compared to this time last year.
Marketing time expanded by 12 days to 54 days from 42 days in the prior year quarter.
The number of listings expanded 72.2% over the past year while the number of sales fell 18.2%.
Review the report for more details on the tri-county market area as well as 16 other market areas. He crams in the insight.