Residential Real Estate Sales Up as Spring Buying Season Takes Off Sales volume up 19% from one year ago CHARLESTON, SC—(April 11, 2011)
According to preliminary data released by the Charleston Trident Association of REALTORS® (CTAR) 824 homes sold at a median price of $176,825 in March. Sales volume is 19% higher this March and median price is within 4% of where it was a year ago. Preliminary figures for March 2010 showed 691 homes sold at a median price of $185,000. In the last month, sales volume has increased almost 50% and prices climbed 8%.
March and April historically signal the beginning of the typically busy spring buying season, but last year, there was the additional appeal of the Homebuyer Tax Credit. The homebuyer tax credit required that potential buyers place a contract on a home by April 30, 2010.
There were 8,663 homes listed as actively for sale with the Charleston Trident Multiple Listing Service as of March 31, 2011.
See all the indicators: Download the March 2011 Indicators (PDF)