Charleston Home Sales Up Again


The latest in a string of cautiously optimistic reports about the health of the Charleston-area real estate market shows additional gains in sales and prices of homes this year.

Residential sales activity began slowly rebounding last year, but prices continued to fall through 2011. This year, median sale prices have clocked modest year-over-year gains for four months in a row.

Depressed prices, combined with record-low mortgage rates, have prompted more people to get off the fence and buy. The Charleston Trident Association of Realtors said Thursday the number of home showings is about the same as in 2009, but more sales are closing.


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