Lowcountry home sales strong in February
Lowcountry home sales this year continue to outpace 2012.
A total of 722 homes sold at a median price of $181,334 in the Charleston region in February, according to data released today by the Charleston Trident Association of Realtors.
The agency reported February’s sales figures are most comparable to pre-recession market activity seen in February 2008, when 733 homes sold.
The organization added that prices are inching closer to February 2009 levels, when the median price for homes in the Lowcountry were $183,322 for 448 homes sold.
The organization has already reported a strong start for 2013 with January marking the highest volume of home sales in five years. A total of 634 homes sold that month at a median price of $181,750. That was the highest sales volume for the month since 2008, when 648 homes changed hands in Charleston, Dorchester and Berkeley counties.
The rebounding housing market is getting help from low mortgage rates and lower home prices compared with years ago, though both are ticking up.
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