MARKET ACTIVITY REPORTS
CHARLESTON, SC—(December 10, 2013) According to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR), 892 homes sold at a median price of $206,000 in November. Last November, 845 homes sold at a median price of $192,500 in the region.
Year-to-date 11,801 homes have sold at a median price of $206,000 in an average of 85 days. Compared to this point in 2012, sales have increased by 22% and median price has risen by 8%. Year-to-date figures in 2012 showed 9,688 sales at a median price of $190,782. Inventory decreased slightly, with 5,521 homes listed as ‘active’ for sale in the Charleston Trident Multiple Listing Service (CTMLS).
“It’s typical to see the pace of closings slow in November, December and even January, when people are focused on the holiday season” said 2014 CTAR President, Corwyn Melette. “However, the year-to-date figures show impressive growth in our regional real estate market over the past 11 months. As our region has attracted new jobs, companies and industries to set their roots in the Lowcountry, homeownership has grown as well and is an essential piece of our area’s overall economic success” said Melette. “We will close out 2013 with growth in both sales and pricing, and makes me incredibly optimistic about what 2014 will bring” he concluded.
Preliminary data reported for October 2013 indicated that 1,020 homes sold at a median price of $190,000 Adjusted figures now show 1,026 homes sold at the same median price.
215 homes sold at a median price of $175,609 in Berkeley County in November. The most active area in the county was the area bordered by Jedburg Road, Highway 17A and College Park, with 61 sales at a median price of $170,000.
Find additional reports on Berkeley County, here.
In Charleston County in November, 501homes sold at a median price of $253,519. West Ashley (outside I-526) was again the most active area during the month with 79 sales at a median price of $199,000.
Find additional reports on Charleston County, here.
145 homes sold at a median price of $170,800 in November in Dorchester County. The most active area was Summerville/Ridgeville, where 68 homes sold at a significantly higher median price of $191,087.
Find additional reports on Dorchester County, here.
Meghan Byrnes Weinreich | 843.793.5208
Marketing and Communications Director
Charleston Trident Association of REALTORS