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Danielle Mercer | Jeff Cook Real Estate Blog

Thursday, November 10, 2016   /   by Danielle Mercer

Charleston Real Estate Market Update for October 2016

Charleston Real Estate Market Update for October 2016


 By Jeff Cook | November 10th, 2016
 


According to the data released today, the Charleston real estate market is holding steady in the last quarter of 2016. Other than the change of another month and year, little else is changed in residential real estate both nationally and locally. Here at Jeff Cook Real Estate we will sell over 700 homes this year while still being able to earn 98% of asking price on average for our clients. Let's take a look at the real estate statistics for October 2016 to see how we are able to accomplish this. 



Bottom Line

In October we had 7.3% more sales pending than this time last year. That's a good growth. However, there has been a 1.2% decrease of listings on the market than this time last year. Median sales prices are up 6.7% from last year showing that we remained in a seller's market going h ...

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