With another month in the rear-view mirror, signs are becoming more convincing that 2012 could be a year of recovery for the Charleston area real estate market.
The Charleston Trident Association of Realtors reported late today that sales ticked up again in June while inventories — the number of homes actively listed for sale — dropped again.
Higher demand and lower supply has been the trend in greater Charleston since late 2011. Prices, on the other hand, have been slow to recover after falling for five years.
For the first six months of 2012, CTAR reports that 4,952 home sales have closed — up from 4,530 during the same period last year. The statistics cover most of Charleston, Berkeley and Dorchester counties, but don’t include all sales and listings on Kiawah Island.
Read more in Wednesday’s editions of The Post and Courier.