August Home Sales up 25%- Inventories shrink
Sales as reported by the Charleston Trident Association of Realtors were up 25% over August of last year and prices were up by 11%. Year to date, sales of real estate in the tri-county area are up 9 percent and prices by 6%.
Inventories at the end of August were down by 20% as compared to the same month last year furthering the shortage of inventory and limiting buyer's choices. To read the full market report from the association click here.