CHARLESTON, SC—(December 11, 2014) According to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR), 962 homes sold at a median price of $222,283 in November. Last November, 918 homes sold at a median price of $203,405 in the region.
As expected during the holiday season, sales have slowed, but only by a small margin. Inventory remains strong with 5,739 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS).
“During the holidays it is typical to see a slight dip in sales but we expect a final upswing to end the year. The region remains on track to close 2014 with sales that reflect what the trend has been all year – a growing, sustainable market,” said the newly installed 2015 CTAR President, Matthew DeAntonio.
October Adjustment
Preliminary data reported for October 2014 indicated that 1,212 homes sold at a median price of $215,000. Adjusted figures now show 1,218 homes sold at a median price of $215,000.
Berkeley County
262 homes sold at a median price of $205,370 in Berkeley County in November. The most active area in the county was in the North area bordered by Jedburg Road, Highway 17A and College Park, with 71 sales at a median price of $195,000. Year-to-date 2,947 homes have sold in the county.
Charleston County
In Charleston County in November, 484 homes sold at a median price of $281,117. Outside of Mount Pleasant, where 166 homes sold at a median price of $386,250, West Ashley outside I-526 was the most active area during the month with 66 sales at a median price of $245,468, followed by James Island with 54 sales at a median price $261,000. Year-to-date 6,969 homes have sold in the county.
Dorchester County
181 homes sold at a median price of $175,000 in November in Dorchester County. The most active area was Summerville/Ridgeville, where 83 homes sold at a median price of $193,467. Year-to-date 2,409 homes have sold in the county.
