Charleston home sales keep on rising
The Charleston area saw its ninth consecutive month of rising home sales in July, the Charleston Trident Association of Realtors reported this afternoon.
Herb Koger, president of CTAR this year, called the report “indisputable evidence of stability returning to the Charleston market.”
Home sales have been increasing, compared to the prior year, each month since November in region that includes Berkeley, Charleston and Dorchester counties. Year-to-date, sales are up 10 percent versus 2011, with 5,940 homes sold at a median price of $182,305.
Median prices are up slightly compared to 2011, when the mid-priced home sold for $177,837.
Industry professionals have been cautious about saying the real estate market is rebounding, but so far in 2012, the broad trends have gotten better rather than worse, after years of price declines.
Reach David Slade at 937-5552 or Twitter @DSladeNews.