Charleston Market Information

Whether buying or selling, one characteristic to consider when choosing an agent is their knowledge of the market.  We believe it is critical for our clients to have current, relevant information.  According to the National Association of Realtors “2016 Profile of Home Buyers and Sellers”, 92% of buyer respondents rated an agent’s knowledge of the real estate market as “Very Important.” 

Real estate is local, not only to a community, but also to different price ranges.  While one price point may be performing very well, there may be others that are not.  Therefore, we track not only the overall market information for Mattoon and Charleston, but we break each community into 13 different price ranges.  Click here if you would like to receive our monthly report.  Otherwise, check back monthly for some highlights that we observed in the market.      

Charleston

  • 2017 continued its record setting pace by adding an additional 22 closed units in April bringing the total to 70 units for the first four months.  This is 30.3% over the average, since 2000, for the first four months of a year.  The 22 units closed is the tied for the second most units closed in April since 2000 had 25.
  • Inventory remained fairly stable, inching up to 122 active homes on May 1st compared to the 119 on April 1st.  This is down 7.6% from the 132 units in May of 2016. 
  • Because of the rapid pace of sales, 9 of the 13 price ranges indicate a 6-6.5 month supply or less for all for time periods.  For those 9 prices ranges, 25 of 36 time periods indicate less than 5 months of supply. 
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