National real estate sales statistics trended upwards the first quarter of 2010, showing the largest gain in new home sales in the past 47 years. The South did exceptionally well - with sales up 44%.

The Charleston, South Carolina real estate market did show some spark in the first quarter of 2010 - but lagged well behind national trends. The average sales price was up 9.1% over 2009 to $275,000 and the median sales price climbed 4.7% to $189,000. The number of homes sold was up 10.3% and the number of active listings on the market was down 6.4%, the lowest in four years. Charleston MLS Sales Statistics

Closer to home, in MLS area 61, (which extends along the Dorchester Rd corridor from just below Ashley Phosphate to Ladson Rd., which includes Whitehall, Coosaw Creek, Wescott Plantation, Cedar Grove and Archdale) first quarter statistics were erratic. New listings were up 4.1%, the number of closed sales were down 22.5%. the median sales price dropped 14.5% from $179,450 to $153,500 and the average sales price single family detached homes dropped 12% from $189,461 to $166,687. Area 61 Charleston MLS Sales Statistics.

If you'd like more detailed information about your neighborhood (Charleston tri-county area only) just send me an email at salesstats@mulliganteam.com with your neighborhood in the subject line.