Charleston, WV home prices and housing market

Charleston home values are down about one percent this past year, and most sellers still have not adjusted their prices. Here is what that gap means if you are thinking about selling this year. The typical home here is worth about one hundred seventy-one thousand dollars, roughly one percent less than it was a year ago. There are just over two hundred homes for sale, and the typical listing takes fifty seven days to go under contract. Buyers have time to look around, and they are using it. But here is the turn. The median asking price is about one hundred seventy-eight thousand dollars, several thousand dollars above the typical home's actual value. And only about one in ten listings has taken a price cut. Sellers are holding their number instead of chasing the market down, and the slow pace of sales is the result. So here is the practical read. If you price at what the market will actually pay, you can expect a sale in about two months. If you price above it, you sit while values drift lower. Price to today's value, not last year's. To see what your home is worth right now, get a free estimate at Home Value Pros dot com.