Residential Real Estate Sales Climb 7% from August
CHARLESTON, SC—(October 13, 2009) Preliminary data from the Charleston Trident Association of REALTORS® showed 697 closed sales during the month of September, a 7% increase from the 654 sales recorded one year ago. The median price for homes sold in September was $174,000; down from $193,640 in 2008.
The rise in sales, following last month’s record-high number of pending sales is likely due to use of the $8,000 tax credit—information released by the IRS in late September showed that 1.4 million homebuyers have filed to receive the credit.
Inventory dropped slightly again, with 10,679 homes currently listed for sale with the Charleston Trident Multiple Listing Service.
BERKELEY COUNTY
Berkeley County sales increased 9% over August, with 135 closed transactions at a median sale price of $150,000. The Goose Creek and Moncks Corner areas posted the largest number of sales in the County and Brickhope Plantation was the most active neighborhood.
CHARLESTON COUNTY
Sales in Charleston County also increased in September, up 11% over August, with 359 sales at a median price of $214,000. The most active areas in the County were the area of Mount Pleasant that lies south of Highway 41 and the Carolina Bay subdivision in West Ashley, outside of I-526.
DORCHESTER COUNTY
Dorchester County sales remained stable, month-over-month, showing 164 sales at a median price of $154,000. The Summerville/Ridgeville area showed the highest number of sales, with the most activity in the subdivision of Drakesborough.
90-DAY ADJUSTMENT: June 2009
Preliminary data from June 2009 showed 732 sales at a median price of $192,626. Adjusted numbers show 779 sales at a median price of $193,000.
CTMLS is now makes available adjusted sales reports 90 days following preliminary reports. The MLS is a user-driven system, with a number of factors that could delay entry of transactions beyond the preliminary reporting day on the 10th of each month. The adjusted figures reflect all transactions entered into the system up to 100 days after the close of the month.
