Preliminary data from the Charleston Trident Association of REALTORS® showed 697 closed sales during the month of September, a 7% increase from the 654 sales recorded one year ago. The median price for homes sold in September was $174,000; down from $193,640 in 2008. The rise in sales, following last month’s record-high number of pending sales is likely due to use of the $8,000 tax credit—information released by the IRS in late September showed that 1.4 million homebuyers have filed to receive the credit. Inventory dropped slightly again, with 10,679 homes currently listed for sale with the Charleston Trident Multiple Listing Service.
Berkeley County sales increased 9% over August, with 135 closed transactions at a median sale price of $150,000. The Goose Creek and Moncks Corner areas posted the largest number of sales in the County and Brickhope Plantation was the most active neighborhood.
Sales in Charleston County also increased in September, up 11% over August, with 359 sales at a median price of $214,000. The most active areas in the County were the area of Mount Pleasant that lies south of Highway 41 and the Carolina Bay subdivision in West Ashley, outside of I-526.
Dorchester County sales remained stable, month-over-month, showing 164 sales at a median price of $154,000. The Summerville/Ridgeville area showed the highest number of sales, with the most activity in the subdivision of Drakesborough.
As always, your thoughts, questions, or comments are greatly appreciated. Let me know if I can help with any of your Charleston SC real estate needs or questions. To look for homes anywhere in the tri-county area go to my website at http://www.carolinajoe.com/mls/
"Carolina Joe" Idleman