Home Prices Up in June

Remember reasonable real estate is always a good investment!

"The median price of a home in the tri-county area in June increased by 8% to $224,950, rising over the median price of $208,304 during the same time a year ago, according to data released Tuesday by the Charleston Multiple Listing Service.

Currently, there are 1,892 condos listed for sale on the MLS, with the largest number (366) priced between $140,000 and $199,999. Single-family homes account for 8,554 listings currently, with the majority (1,114) priced between $200,000 and $249,999.

As of July 10, there were 1,568 Lowcountry properties under contract.

Kathy Rawers, president of the Charleston Multiple Listing Service, said the current housing market is ripe for buyers.

'The current market is much better for buyers than it was in 2005 or 2006, when you had to decide sometimes in a matter of hours, whether or not to buy a certain home,' Rawers said."

For the full Charleston Regional Business Journal article: http://www.charlestonbusiness.com/dailyjournal/2_188/full-issue.html#9833