Dec
13

Charleston Real Estate Market Continues to rise

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The Charleston region’s residential real estate market showed continuing improvement in November, as the number of homes for sale declined again and sales picked up, according to the Charleston Trident Association of Realtors.

Preliminary figures show that 648 homes changed hands last month, up about 10 percent compared to November 2010. The median price was $191,500. While prices have continued to fall throughout most of this year in the three-county area, ongoing reductions in the inventory of homes for sale is seen as a hopeful sign for sellers.

There were 7,258 homes listed for sale in November, marking a new five-year low.

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