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Midyear Sales Continue to Rise

CHARLESTON, SC—(July 10, 2014) According to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR), 1,423 homes sold at a median price of $227,500 in June. Last June, 1,314 homes sold at a median price of $219,340 in the region.

Halfway through the year, sales and prices are up from last year. Data shows 6,613 homes have sold at the midway point for 2014 at a median sales price of $216,273. At this time last year, 6,117 homes sold in the region at a median price of $200,440 – giving the market an 8% increase in home sales and median sales price.

“We are seeing what housing experts expected – sustainable growth in closed transactions and median sales price at the year midpoint. This continues to indicate the Charleston metro housing market is on good footing and a wise investment,” said 2014 CTAR President, Corwyn Melette.

May Adjustment
Preliminary data reported for May 2014 indicated that 1,294 homes sold at a median price of $218,000. Adjusted figures now show 1,310 homes sold at a median price of $217,547.

Berkeley County
316 homes sold at a median price of $183,995 in Berkeley County in June. The most active area in the county was the North area bordered by Jedburg Road, Highway 17A and College Park, with 87 sales at a median price of $194,580.

Find additional reports on Berkeley County, here

Charleston County
In Charleston County in June, 798 homes sold at a median price of $291,000. Mount Pleasant was the most active area where 242 homes sold at a median price of $398,750, followed by West Ashley outside I-526 with 114 sales at a median price of $223,500 and James Island with 91 sales at a median price $257,310.

Find additional reports on Charleston County, here

Dorchester County
271 homes sold at a median price of $187,900 in June in Dorchester County. The most active area was Summerville/Ridgeville, where 133 homes sold at a median price of $225,000.

Find additional reports on Dorchester County, here

Media Contact:
Meghan Byrnes Weinreich | 843.793.5208
Marketing and Communications Director
Charleston Trident Association of REALTORS