realtor mount pleasant south carolina charleston real estate south carolina mt pleasant real estate,isle of palms real estate,wild dunes homes for sale
Home Sales Highest Since 2010 » Charleston Home Sales News – Wendy Delaney Homes

Home Sales Highest Since 2010

Nearly 1,000 homes were bought in May in the Charleston region, a level not reached since the homebuyer tax credit was in place in June 2010, the Charleston Trident Association of Realtors reported Monday.

The last time this many homes sold in a non-incentivized market was August 2007 before the recession started in December 2007. There were 26,040 property showings recorded by the Multiple Listing Service in May, about 2,000 more than in April.

“Sales are closing at a faster pace than we anticipated this early in the season and showings continue to rise,” said Herb Koger, Charleston Trident Association of Realtors president. “There is a lot of pent-up demand in the market, and those choosing to buy now are benefitting from incredibly low rates and affordable pricing.”

The widely-accepted benchmark of a healthy market is inventory within the six-month range. Charleston currently has 6.4 months of inventory with 6,314 homes listed as actively for sale in the Charleston Trident Multiple Listing Service as of Sunday.

Tuesday, June 12, 2012

The Post and Courier

 

 


Leave a comment


charleston south carolina real estate expert