Remember, micromarket fluctuations aside, reasonable real estate is never a bad investment!
"Area home sales fell in May compared to May 2006 as the real estate market continues a correction from the frenzied pace of a sustained sellers’ market that began to cool last spring.
The Charleston Trident Association of Realtors’ Multiple Listing Service reported 1,176 housing units sold in May, down from 1,471 units sold in May 2006. While the median home price slipped last month to $209,945, down from $212,000 in May 2006, home prices for the year-to-date show steady increases.
The median home price in the tri-county area in 2006 was $201,983, while the median home price for 2007 year-to-date is $208,773. In 2000, the median home price in the tri-county area was $140,000."
For the full Charleston Regional Business Journal article: http://www.charlestonbusiness.com/dailyjournal/2_168/full-issue.html#9590
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