MLS Stats
Charleston residential market was down about 9% in number of transactions and 9% in price for 2009 versus 2008. That includes SFD, SFA, and mobile homes in the tri-county area. SFD(single family detached) wasn’t quite as bad, down 6% in transactions and 8% in price. In fact SFD inventory has fallen a little to just over 6200. That’s 67% of the overall inventory. On the other hand, SFA inventory has been rising.
Buyer activity as shown by the number of contingents on the hot sheet each week was actually up about 6% in 2009 versus 2008. Short sales kept us from closing more of them though.
Short sales and foreclosures account for 21% of the contingent listings currently on the MLS. And those are just the ones listed correctly under the Special category. There is easily another 4%, making the ss/fc market about 25% of what’s under contract.
