Home prices rise in Charleston region
The price of homes in the Charleston metro area rose in February, growing faster than the state and nationwide trend, according to a report released today.
Real estate information firm CoreLogic reported that homes in the Charleston region, including distressed sales, increased by 11.5 percent in February compared to the same month a year ago.
The region outpaced the 9 percent growth for the entire Palmetto State.
Home prices nationwide, including distressed sales, increased 10.2 percent on a year-over-year basis in February compared to month in 2012. The growth represents the biggest year-over-year increase since March 2006 and the 12th consecutive monthly increase in home prices nationally, according to the report.
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