The Charleston real estate market is booming! We’ve recovered most of the value in our homes that we lost through those rough recession years. In 2007, we had a median sales price of $210k and 2014 will close out at over $220k. We shared some tough times with the rest of the nation from 2008 to 2011, but things are looking really good all over the tri-county area now. Our sales prices are rising at a reasonable and sustainable rate now and we still have plenty of room to appreciate to get back to the trend line.
Here's a visual of the week by week residential properties listed as contingent over the last 10 years. Although December did show a normal slow in activity, the important fact to note is this was the busiest year to date!
Cheers to a very busy 2015!