Yesterday, charlestonbusiness.com, fostered high hopes regarding market stability in our area. As a result of the Federal First Time Home Buyer Credit, transactions in our market region increased significantly. The Charleston Trident Association of Realtors reported 784 homes sold in April, created 1,160 contracts, 351 of those were during the last week of April, and 207 contracts during the last day in April. The most important news related the median sales price, $ 181,174, to last year's median sales price, which was merely $1,000 dollars different. This revelation is a great sign of rising stability despite varying conditions.
Thanks charlestonbusiness.com for the encouraging update!
http://charlestonbusiness.com/news/34169-tax-credit-rsquo-s-expiration-prompts-rush-to-buy-homes
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