The residential real estate market experienced a modest rebound in the third quarter across most South Carolina regions, with sales rising 10.7 percent statewide and 22 percent in the Charleston Trident tri-county area.
Reports from the SC Realtors Association and Charleston Trident Association of Realtors show that home prices have declined slightly through 2011, but the number of homes for sale has dropped sharply, making the supply-and-demand equation more balanced going forward.
In Berkeley, Charleston and Dorchester counties, the number of homes for sale fell to 7,524 in October — a 5-year low. In October 670 homes were sold, and sales across the tri-county area are up about 4 percent, year-to-date.
Read more in Thursday's editions of The Post and Courier.