Oct
14

Charleston Area Home Sales Up 6%, Median Price Continues Downward Slide

By
– Charleston Regional Business Journal

Home sales in the tri-county bounced back in September, increasing 6% from August to 697 sales closed. The numbers are still lower than June and July’s numbers, which were 796 and an adjusted 779, respectively, but up 7% compared with September 2008.

A monthly report from the Charleston Trident Association of Realtors said the increase in closed sales was likely attributable to the federal government’s $8,000 tax credit for first-time homebuyers, which is set to expire Nov. 30. Information released in late September by the Internal Revenue Service showed that 1.4 million homebuyers have filed to receive the credit, the report said.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.charlestonbusiness.com/news/29872-area-home-sales-up-6-median-price-continues-downward-slide
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