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Charleston region among top places to move in Q2

Staff //May 18, 2018//

Charleston region among top places to move in Q2

Staff //May 18, 2018//

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It’s no secret that the Charleston region has become a hot spot for people looking for a place to live, work and — most assuredly — play. A report by Attom Data Solutions shows that hasn’t changed in early 2018, even though the Holy City and the surrounding area isn’t No. 1 … yet.

The Charleston metro region is expected to be among the top places where homes are sold in the second quarter, according to Attom’s report.

 src=Using data collected from purchase loan applications on residential real estate transactions, Attom created a pre-mover housing index based on the ratio of homes with a “pre-mover” flag to the total number of single-family homes in a given geography, indexed off of the national average. An index above 100 is above the national average and indicates an above-average ratio of homes that will likely be sold in the next three months.

The Charleston metro region has a pre-mover index of 198, the eighth-highest for metropolitan areas in the country. Colorado Springs, Colo., has the highest pre-mover index at 280.

Broken down by county, Charleston County has a pre-mover index of 162 and Berkeley County has a pre-mover index of 261. Data was not available for Dorchester County.

Across the state, Richland County has a pre-mover index of 179; Lexington County has an index of 173; Spartanburg County has an index of 171; Anderson County has an index of 145; and Greenville County has an index of 141.

Nationwide, Cleveland has the lowest pre-mover index at 46. The only Southeastern metropolitan area in the bottom 10 is Naples, Fla., with an index of 61.

“Markets with a high pre-mover index tend to be in areas where homes are still somewhat reasonably priced and have a growing job market, allowing for greater upward mobility,” said Daren Blomquist, Attom’s senior vice president, in a statement. “Markets with a low pre-mover index tend to be in areas with a struggling job market or with home prices that are out of reach for the average wage earner.”

Across the country, 3.2% of all homes with a pre-mover flag in the first quarter were being purchased as a second home. Myrtle Beach had the fourth-highest percentage in the country, with 17.2% of home with a pre-mover flag expected to be second homes.

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