The price of homes in the Charleston region continue to grow, but at a slower pace than the national average, according to a report released today.
In Charleston-North Charleston area, home prices, including distressed sales, increased by 3 percent in December compared to the same month in 2012, according to real estate information data firm CoreLogic.
The area's growth was 8 percent lower than the national average and 4.6 percent lower than South Carolina, the firm said.
Experts have said the Lowcountry's housing market was recovering earlier than other corners of the state and nation. The home price growth is expected to continue with the new year.
"The healthy and broad-based gains in home prices in 2013 help set the stage for the continued recovery in the housing sector in 2014," said Anand Nallathambi, president and CEO of CoreLogic. "After six years of fits and starts, we can now see a clearer path to a durable recovery in single-family residential housing across most of the United States."