Home prices continued their steady rise in most measurable market areas in the second quarter of 2015 with many up 93% due to insufficient inventory for market demand.
Locally, the Charleston Metro Median Home Price was $244,500; representing a 4.6% year-over-year change!
Other highlights from The National Association of Realtors® report included:
- The national median home price for Q2 is up 8.2% to $229,400
- The income needed to afford the median home in each region is directly impacted by the amount of the down payment.
- The larger the down payment the lower the income needed to pay the monthly mortgage payment.
Contact Jo Anne or Tony Rizza at 843-301-5825 to evaluate your current home’s market value or to view other great real estate properties in the Hilton Head Island/Bluffton area!
Hilton Head Real Estate Partners
Partnering with you every step of the way.