Inventory and home prices increase in the Charleston area
With mortgage rates at a six month low, a slight increase in inventory, and an increase in home prices, the buying season is getting off to a good start in the Charleston area. According to the Charleston Trident Association of REALTORS®, 1,143 homes sold at a median price of $215,000 in April, which is up from 1,028 homes sold at a median price of $200,000 in April 2013. In Charleston County, 656 homes sold at a median price of $268,500.
Mt. Pleasant was the most active area in Charleston County last month, with 208 homes sold at a median price of $368,224. West Ashley and James Island followed.