Posted By Stephanie WilsonHartzog @ Jun 17th 2013 11:06am In: Charleston Real Estate Market

As of May 15, 2013, Homes Closed are up 18% in the Tri-County, as well as the Median Sales Price and Price/Sq Ft are both up 8% over last year.  The actual breakdown for each of the MLS areas can be found on the Tri-Co Stats 2013vs2012 By Area report, which is attached.  The MLS Residential Activity report shows that the List Price to Sales Price ratios are averaging about 95%.  The Absorption Rate by Price Range report shows the Absorption Rate for home sales broken down by each MLS area and price range - shows many areas are reflecting a Seller's Market (highlighted in yellow) of less than a 5 month supply of homes on the market.

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