Charleston Property

Charleston residential real estate sales are up, which means this is a great time to sell… and an even better time to buy. Total sales are up 8% and median price up 3%.

The Charleston Trident Association of Realtors reports that 732 transactions closed in June, up from 678 in May. The median sale price was $192,626, up from $187,000 in May.

“Sales typically peak during the summer months, so an increase isn’t unusual; but sales are certainly being supported by sellers pricing their homes to align with market expectations, as well as an influx of homebuyers utilizing the $8,000 tax credit,” said Gettys Glaze, president of the Realtors association’s Multiple Listing Service, to the Charleston Regional Business Journal . “The modest increases in median price are an excellent indicator of a recovering market — prices are not escalating rapidly, but increasing steadily.”

Taking in consideration the current sales numbers, the Lowcountry’s real estate future is only looking up.