Home Prices rising in More Metro Areas, Home Sales up from one year ago

For a full report from the National Association of Realtors go here:


Synopsis:
A growing number of metropolitan areas are experiencing price gains from a year ago, while most states have seen healthy gains in home sales from the first quarter of 2009, according to the latest survey by the National Association of Realtors®.

The national median existing single-family price was fairly flat at $166,100, down 0.7 percent from the first quarter 2009 price of $167,300. The median is where half sold for more and half sold for less. Distressed homes, which typically are discounted by 15 percent relative to traditional homes, accounted for 36 percent of first quarter sales.

The tax credit has helped, but lending continues to be an issue.
Flipping mentality has eased and buyers are planning on staying in their homes longer.

Information pertinent to the Charleston SC Real Estate area: In the South, the median existing single-family home price was $148,200 in the first quarter, up 1.1 percent from the first quarter of 2009. Existing-home sales in the South fell 14.6 percent in the first quarter to an annual rate of 1.89 million but are 10.7 percent higher than a year ago.

Charleston Metro Area is UP 3.4%! for a full report or to see your area go here:



For more information on real estate in Charleston (SC) South Carolina and the surrounding areas including Isle of Palms, Sullivans Island, Mount Pleasant etc please feel free to contact me at: ned@beachsiderealestate.com or my property search site at: