November resulted in home sales growth in the Lowcountry, report says

  • Posted: Tuesday, December 10, 2013 10:55 a.m., Updated: Tuesday, December 10, 2013 2:42 p.m.

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.

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