Housing sales increase 29% for July in Charleston area - Charleston Regional Business

For the month, 829 homes sold; the median price was $180,000, about 8% lower than the median for July 2010. In 2010, 643 homes sold at a median price of $196,573. The report said the reduction in price is likely because of the increased number of foreclosed properties being sold. We are encouraged by this slight but steady growth — it means we're moving slowly in the right direction. For the year, 5,356 homes have sold in the Charleston region, which is marginally higher than in 2010, when 5,349 home sales closed. He said the sales figures indicate that consumers and investors are jumping in to take advantage while the market is still favoring buyers. Charleston County showed the largest gains in sales volume in the tri-county, but also the largest declines in pricing, the Realtors group said. Dorchester County showed the least amount of growth in sales volume but had less than 1% pricing variance from July 2010. Realtors