Coldwell Banker Classic Real Estate

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

  • On a month to month comparison median sale prices increased 3% to $105,250, while average sale price declined -0.90% to $119,834.  An August 2018 vs 2017 comparison indicates the median declined 2.1% and the average increased by 2.5%. *Please note, data for prior years are based on the entire year, not YTD.      
  • After coming off the second weakest July for closings since 2000, August rebounded slightly.  Sill coming in under the 10-year average for August by 5.2%, the 20 closed units represents only the 5th best year in the past 10.  Based on YTD sales, 2018 is below the 10-year average of 146.78 (3.3%) and well below the 173 units (18%) from last year. 
  • Inventory levels fell MOM for the first time in three months from 122 on August 1st to 116 as of September 1st.  This is 8.1% under the 5-year average for the number of homes on the market on September 1st. 
  • Pending units continued to decline dropping to 19 units under contract on September 1st, down from the 22 on August 1st.  This marks the third month in a row that pending units declined. 2018 is significantly below the 25 units under contract on September 1st, 2017.    
 


Charleston Market Information
Charleston Market Information
Charleston Market Information
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