Charleston Home Values Index Continues Increase in June

The College of Charleston Monthly Home Value IndexSM indicates that the value of a typical home in theCharleston Tri-County Area increased by 2.51% in June 2009. In comparison, the change in the index value was +8.61 in May 2009, and -5.17% in April 2009.

The College of Charleston Home Value IndexSM home value index is prepared monthly for the tri-county area by the Carter Real Estate Center at the College of Charleston. The index is a "constant quality" hedonic price index that is calculated by estimating the prices of individual property characteristics using data provided by the Charleston Trident Association of REALTORS® from its Multiple Listing Service. The index tracks the value of a "typical" home over time. The index should not be interpreted as an indicator of the change in value of all homes, but as an indicator of the change in value of a "typical" home with the contributions to value from that home's features evaluated at the average estimated prices of those features.

Additional details about the index are available in a descriptive paper titled "College of Charleston Home Value

Index available at www.cofc.edu/cartercenter/hvi.

The Carter Real Estate Center welcomes requests for specialized market analysis reports. Contact Professor Tim

Allen by phone at 843.953.8121 or by e-mail at allent@cofc.edu for more information

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