February Homes Sales up 22% in Charleston Area

Taken from Charleston Business Journal

The number of homes sold in the Charleston region during February increased 22% over the last year, according to new data from the Charleston Trident Association of Realtors. A total of 509 homes sold in the region, up from 417 in February 2009. February’s median sales price, $179,900, changed little from last year’s $179,450 median price, the Realtors group said. Year to date, 851 homes have sold in the region. That’s a 10% increase over the same period last year, when 789 homes had sold. The median sales price so far in 2010 is up 5% over the same time frame last year, according to the Realtors’ data. The Charleston Trident Association of Realtors said 9,532 homes are on the market as of the end of February. At the end of January, 9,171 homes were listed for sale. The group adjusted the number of homes sold during January to 429, up from the 416 originally reported. The actual median sales price was $191,100, down slightly from the $194,000 reported earlier. Among the region’s three counties, Charleston County led the market in volume and price increases during February. Home sales in Charleston County increased 60% over February 2009. During the month, 288 homes sold, and the median price increased 5% to $235,950. Sales in Berkeley County increased 16% to 108. The median price was $157,495, down 3% from last year. Dorchester County home sales increased 5% to 91. The median price declined 15% to $145,000.

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