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

  • After a slow February, for closed units, March rebounded with 21 closed units.  Outside of the 22 units closed in 2005, 2018 posted the second-best number in the last 19 years.  YTD there have been 40 units closed overall.  This places 2018 ahead of the 19-year average and median by 9% and 5% respectively.
  • Inventory continues to be tight.  Homes listed for sale but not under contract remained flat from March 1st at 100 active units as of April 1st.  This a 16% drop YOY and 9.5% below the average for the past 6 years.
  • Pending units, properties with an accepted purchase offer, increased for the second month in a row.  The 30 properties under contract as of April 1st, is a slight increase over the 28 from March 1st.  
  • The most dramatic shifts in a price range for its Absorption Rate was $80,000-$99,999.  It improved from between 9- 36 months to 3.3 – 6.7 months.  This was due to 5 closed sales recorded for March.
 


Charleston Market Information
Charleston Market Information
Charleston Market Information
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