2009 Real Estate Guide
real estate
Home price trends in Charleston, S.C.

City-by-city price comps
Charleston, S.C.
Vacationers and residents are drawn to this city because of its historical sites, museums, festivals, food and architecture, but it hasn't been able to charm its way out of the housing downturn. The number of single-family construction permits dropped by 34 percent from December 2007 to December 2008. There's still a 38-percent difference between actual and equilibrium price, according to Local Market Monitor.
Median price end of 2008:$193,800
Median price end of 2007:$204,500
Percent change:-5.2%
Projected change through Q3 2009:-1.6%
Affordability rating:0.0
Foreclosures in 2008:
(1 for every 78 households)
3,501
Foreclosures in 2007:
(1 for every 315 households)
839
Change in foreclosures:317.3%
Expected to hit bottom:Q2 2009
Percent drop needed to reach bottom:-10.3%
Current rate comparison
» Click here to view the Top 40 map.
Price trends
Q1 2008 national median price: $196,100
Q2 2008 national median price: $206,400
Q3 2008 national median price: $200,400
Q4 2008 national median price: $180,100
Q1 2008 local median price: $201,400
Q2 2008 local median price: $215,100
Q3 2008 local median price: $210,900
Q4 2008 local median price: $193,800

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