November marked yet another strong month for home sales in the Lowcountry, according to a report released this afternoon.
The Charleston Trident Association of Realtors reported that 892 homes sold at a median price of $206,000 in November. That's nearly 6 percent more homes sold and a median price increase of 7 percent compared to the same month a year ago, according to the data.
Through the first eleven months, 11,801 homes have exchanged hands at a median price of $206,000. That's up 22 percent more volume and a and median price 8 percent higher than the same span a in 2012.
Real estate experts have said this year's strong sales have been driven by low mortgage rates, pent-up demand and lower home prices compared to their pre-recession levels.