March 2015 was yet another great month for the Charleston real estate market. A total of 1,420 homes sold last month at a median price of $221,730. Sustainable growth can be seen in the 2015 year-to-date figures, which show a 23% increase in the number of homes sold from the same time last year, and a stable 1% growth in median price.
“People believe in Charleston, businesses are investing in Charleston, and that’s reflecting very well on our housing market," says 2015 CTAR President Matt DeAntonio. "With more than 3,000 home sales so far this year, consumers believe that Charleston is a good investment…"
Recent news of top investors turning their attention toward Charleston leaves little doubt that our city will continue its steady growth.
"Our population is growing, and it doesn’t look like it’s going to slow down. Our state leadership has worked hard to bring the jobs here—we need to ensure that there is attractive, affordable housing available for the workers who will fill these jobs," said DeAntonio.
Check our infographic below for a breakdown of the most recent market statistics for the tri-county area.