In February, home sales increased almost 10%. 636 homes were sold in February up from 579 in January. There were 1,144 under contract last month, showing an increase in the number of homes under contract as compared with 1,006 homes under contract in January. That€™s an increase of almost 14%.
Spring is usually a busy season for real estate transactions. However, year-over-year numbers have fallen despite the month-to-month increases. For example in Februaryof last year home sales totaled 881, a difference of almost 28% from this February.
On March 10 the Mulitple Listing Service for the TriCounty area had a total of 10,672 homes available for purchase. This included single family homes and condominiums.
Charleston County saw the most homes sold in February, although many of these homes also spent more days on the market. Of the 311 homes sold in Charleston County last month with a median sales price was $240,000. The average amount of days on the market was 139. In Berkeley County, 187 homes sold last month at a median price of $170,000 and at an average of 111 days on the market. And last month in Dorchestor County there were 126 homes sold at a median price of $176,934 and at an average of 121 days on the market.