February Low Country Market Report

Dated: 03/12/2014

Views: 1558

The cold weather and multiple ice storms seem to have impacted the pace of sales during the month of February. Several days of icy weather at the end of January, and the second ice storm just two weeks later made travel and business difficult for thousands across the Lowcountry. The Ravenel Bridge was closed for a total of five days and tens of thousands of Lowcountry residents were without power following the February 12 storm.  
According to preliminary data released today by the Charleston Trident Association of REALTORS® (CTAR), 791 homes sold at a median price of $210,000 in February. Last February, 722 homes sold at a median price of $181,334 in the region. As expected, inventory increased slightly again, month-over-month and is comparable to last February’s number of available homes. There are currently 5,565 homes listed as ‘active’ for sale in the Charleston Trident Multiple Listing Service (CTMLS). Last February there were 5,632 homes available.  
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Janis St. Onge

I am a certified Short Sale and Foreclosure Resource (SFR) who works with first time home-buyers, empty-nesters and investors. Call me today and let me be your eyes and ears in the Charleston tri-cou....

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