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

  • Closed Units- The additional 12 units closed in February brought the total for 2019  to 23 closed units. February closings kept Charleston slightly ahead of its 5-year and 10 year YTD averages, for closed units of 22.4 and 19.8.
  • Inventory- March inventory, homes listed for sale but not under contract, remained stable from February only increasing by two units to 104 active properties.  This is 3.3% below the 5-year average for March and 5.2% under the average for the past 12 months. 
  • Pending- While pending units increased for the second month in a row to 22 units, up from 17 in February, it is still well below the 33 and 28 units on March 1st of 2017 and 2018. 
  • Absorption Rates- Due to the extremely sluggish number of sales in the 4th quarter last year, absorption rates for the 6-month and 3-month timeframes are indicating a buyer’s market.  However, if inventory remains stable and pending units continue to climb, they should shift back to a more neutral market.
Charleston Market Information
Charleston Market Information
Charleston Market Information
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