Mar
10

Lowcountry Posts Weak Housing Sales Figures In February

By
– Charleston Regional Business Journal

The weak housing market continued to depress sales last month, with 363 deals closing in February.

That number was down slightly from January’s 372 closings, according to monthly data released today by the Charleston Trident Association of Realtors.

The median sale price for the region rebounded slightly, climbing 4% from January’s low to reach $183,180.

The statistics continued to show a downward trend year over year as well. Last month saw 43% fewer sales than the 636 that closed in February 2008, and the region’s median sale price fell 8% from February of last year, when the average price was $200,000.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://charlestonbusiness.com/news/26824-lowcountry-posts-weak-housing-sales-figures-in-february
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