Charleston Sees Biggest Increase in Home Sales in Five Years

Home sales in the Charleston area were at the highest levels since 2007, according to figures released by the Charleston Trident Association of Realtors.

For the month, 899 homes sold at a median price of $182,000 in March, up from 834 homes sold at a median price of $176,825 in March 2011. CTAR estimates year-to-date sales volume is up 7% over last year and prices are up 4%.

“Sales activity has been consistently increasing at a healthy and sustainable level for over a year now, and this is the busiest March we’ve seen since 2007, which makes for a very encouraging start to the spring buying season,” said Herb Koger, CTAR president. “The warm weather has probably helped get buyers going a little earlier this year, along with the urgency being created by our declining inventory.”

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