Charleston SC Real Estate Market Trends
Average price per square foot, and average sales price are the two largest indicators that both prospective buyers should look at as well as those considering selling their houses. If you are selling you want to make sure you’re trying to sell at the peak of the market, and if you’re a buyer vice versa, AND is the area you’re considering buying a good one? CHARLESTON, SC—(December 10, 2015) 1,029 homes sold in November in the region at a median price of $246,000 according to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR). In November 2014, 987 homes sold at a median price of $222,067. Year-to-date data shows that sales volume is 14% ahead of where it was last year, with 14,758 sales through November 2015 and the regional median price has increased by 5.3%, currently $228,000. Through November 2014, 12,933 homes had sold at a median price of $216,352. Inventory has declined about 15% from 2014. There are currently 5,390 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS).