Real estate sales continued to trend upward in the month of March around Charleston. All the luxury categories had sales that either stayed the same or increased versus the previous month. Some areas saw dramatic growth in sales. Mount Pleasant sales were up by over 50%. Sullivan’s Island sales were up 150%. The buyers continue to be outpacing inventory as nearly all areas saw the inventory continue to decline. The shift has been rapid from a buyer’s market to a seller’s market. If you were thinking of listing your home, now would be the time to speak to a William Means agent.

The strong rising trend in real estate from 2012 continued into 2013. January saw sales in most all categories up significantly over January 2011. Some of the sales were down versus December, but that trend is normal in yearly housing statistics. Another trend that continued were increased sales prices over both the previous month and year. The shrinking inventories seem to be a key indicator that prices will continue to increase. William Means continued success in January after 2012 was one of the most successful years ever.