CHARLESTON, SC—(September 14, 2017) According to preliminary data released today by the Charleston Trident Association of Realtors® (CTAR) 1,694 homes sold in August in the region at a median price of $244,867, reflective of a 3% decline in sales and 1% growth in median sales price as compared to last August, when 1,750 homes sold at a median price of $241,564.
The year-to-date growth rates of sales and price are slowing slightly but still show strong increases over last year. 12,670 homes have sold in the region at a median price of $250,000 thus far in 2017. Sales volume has increased about 5% compared to 2016, with homes selling for about 4% more than they did at this point last year.
“The lack of inventory in the price ranges with the most demand is showing its impact on our market, particularly in Charleston County” said 2017 CTAR President Dave Sansom. “For several months, sales data has not shown the frenzied pace we were seeing earlier in the year and could be a trend towards a more measured pace going forward” he said.
5,278 homes were listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) at the end of the month, down 17% from 2016 levels.
Author:Jerod Coulter Phone: 843-513-3741 Dated: September 22nd 2017 Views: 271 About Jerod: ...
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Working full-time in real estate allows Jerod to be accessible night or day for his clients. Both buyers and sellers have an acute appreciation for the time, energy, and complex marketing strategies he provides through an extensive network of personal contacts, media outlets, and dedicated professional marketing department. His strenuous work ethic and aggressive negotiating strategies are unparalleled. Holding a Bachelor of Science Degree in Finance & Economics with combined work experience in the investment banking industry, Jerod helps his clients accomplish their personal goals as well as financial expectations in real estate. Jerod takes great pride in his work and has a genuine interest in helping people. Whether you are buying your first home, purchasing a second home closer to the beach, investing in numerous income properties, or getting ready to sell the home of your dreams, he excels at assisting clients with goal setting, analyzing the data, and educating you to make the most informed decision possible.
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