As we wrap up the second quarter of 2015, most markets are expected to see a rapid increase in new listings. Spring is usually the time of the year that we see the most activity in the real estate market, as we see a huge increase in some of the most desirable homes being polished up and placed on the market. We’re ready for what summer will bring.
National home ownership percentage is actually the lowest since 1993. Rental prices continue to grow which causes people to think twice about committing to a 12 month lease. The number of homeowners this year will also be determined by mortgage rates and lending practices.
Charleston Area Market Statistics through April 2015Upper Charleston Lower Charleston Mount Pleasant – South of IOP Connector Mount Pleasant – North of IOP Connector Folly Beach Isle of Palms Sullivans Island Kiawah & Seabrook Islands