So far this year, 6,093 homes have closed on the Charleston MLS with an additional 3,284 homes under contract. As Charleston real estate agents, we couldn’t be busier with this strong sellers’ market known for its multiple offer situations and relatively low inventory of homes for sale.
First, let’s look at MLS activity broken down by area. These stats are from January through May of 2014.
Keep in mind that for Days on Market, this time clock starts the day the home is listed and stops the day of closing (so it includes the 30 to 45 days that it generally takes once the contract is ratified until it gets to the closing table).
Right now the best homes in the most popular areas are often getting ratified contracts within a week or two of getting