2015 CHS Housing Market: Sales up 14%; Median Price Up 7%

We all knew it was strong, but wow – the final figures are in from the Charlestson Trident Association of Realtors and an article from Warren Wise of The Post and Courier:   total sales for 2015 were 16,202 and a median price of $229,000, up 13.7% and 6.5%, respectively.  In December alone, sales were up 9%.  Expert’s biggest concern – less than 5k homes are available for sale, down from 9,100 in 2010, and pricing beyond what a lot of people can afford.

CharlestonCREblog comment:  This is all good news for apartment owners as the jobs growth continues, and this all means more renters.

About charlestonCREblog

30 years' in the commercial real estate biz - investment sales, consulting, banker, appraiser, brokerage. Trained in Atlanta and moved to the Lowcountry in 2008 and now sharing offices in Charleston and Jacksonville, FL. Exclusive listings, buyer representation, and consulting/analysis to help clients make the best commercial real estate decisions.

Posted on January 16, 2016, in CHS, CHS Jobs/Economy, CHS Multi-Family, CHS SFR Residential Market, Market Reports, The Post and Courier and tagged , , , . Bookmark the permalink. Leave a comment.

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