Redfin: Charleston area prices, sales rise in May

Redfin’s Charleston market tracker revealed an upswing in sales in May.

BY JIM PARKER

The Post and Courier

Most indicators of a healthy housing market were pointing upward in the Lowcountry as of late spring, according to a national real estate company.

Seattle-based Redfin, which opened an office in the Charleston area within the past two years, released its periodic “market tracker” for Charleston in June.

The report found that the region’s median sales price was $243,000, a 3.5 percent increase from a year earlier. All told, 1,633 homes sold in the month, an 18.9 percent jump from May 2015.

Greater Charleston counted 5,716 homes for sale, up 5.6 percent in the past 12 months. New listings amounted to a modest 0.1 percent rise.

Also, homes remained an average 76 days on the market, up 1 day from the year before.

Reach Jim Parker at 843-937-5542 or jparker@postandcourier.com.