Charleston, South Carolina saw median listing prices rise 14.4 percent gettyHousing prices aren’t coming down anytime soon according to realtor.com. In its latest housing report, the take-away is housing prices around the country remain at record highs as we move towards year-end. The low-interest rates mean buyers can qualify for higher-priced homes which drives up market prices," notes Danielle Hale, chief economist for realtor.com. Realtor.com’s proprietary, Housing Market Recovery Index (Housing Market Recovery Index,) rang in at 110.4 for the first week of October. The Charleston-North Charleston, South Carolina metro had a 14.4 percent median year-over-year price increase.

Source: Forbes October 11, 2020 00:11 UTC