These MLS statistics show Charleston’s housing market performance for January through September of 2014. Most areas of Charleston in the under $250K price range are a strong sellers’ market with an average 3 month absorption rate. In other words, if no new listings were to come onto the market, it would take only 3 months to sell the current inventory based on the rate of homes selling. The hottest markets like James Island, Mt. Pleasant, and Daniel Island have a 1 to 2 month absorption rate.
The $250-500K price range also indicates a sellers’ market with an average 4 month absorption rate. In price ranges higher than $500K, the area determines whether it is a buyers’ or sellers’ market.
In terms of supply and demand, this chart helps to give a
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