Charleston-area home sales tick up 3% in May after falling the previous 2 months
Supply in the market fell from 6.5 months to 6.1 months. This may have helped push the median price for a new home up to $315,000, a price that is still down 3.6% on the year. On the year, sales have increased 0.6%. The West has slowed in this report as well, with sales down 2.9% on the year. Meanwhile, the Northeast and Midwest had strong months.
Lower interest rates and warmer weather halted the slide in home sales in May around Charleston. Residential real estate transactions ticked up 3 percent from the same month a year ago, according to.
April’s 3.2% rent growth puts it 80 basis points (bps) above April 2018’s level of 2.4%. It also marks the ninth consecutive month of rent growth at 3% or higher. Occupancy saw a slight uptick to stand at a healthy 95.4%, 10 bps above both month-ago and year-ago figures. Apartment occupancy tends to soften in the colder months as renters.
This piece offers a breakdown of home sales activity across the Charlotte region.. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except.
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The rise in sales comes after a 3 percent decline in April and a 9.1 percent drop in March. Despite a full job market and robust economy, sales are down for the year by 2.4 percent.
The number of new listings in September fell 7.7 percent from a year ago, leaving 3.3 months of supply. Less than six months of supply signals the market is tilted in favor of sellers. The median days on market ticked up to 42 in September from 39 in August.
The increase comes after months of negative growth, but may be more of a sign of stabilization. Last year’s decline in sales was the largest in over a decade, so it was a relatively easy beat. Canadian Real Estate Sales Rise Over 4%. Canadian real estate sales made a climb from the multi-year low hit last year.
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Priciest home sales in West Hempstead;. Shelter prices – the largest component of the index – increased 0.2% in May, after notching gains of 0.4% in the previous two months.
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