Storms dampen Lowcountry home sales but 2015 to be record

This June 4, 2015 photo shows a sign in front of a home for sale in Roswell, Ga. The U.S. housing market has sizzled this summer and raised hopes that housing will finally help accelerate a U.S. economic recovery now in its seventh year. Yet sales have improved so fast that many see signs that housing will likely lose momentum, for reasons ranging from too few homes for sale to the preference of some would-be buyers to keep renting to a still-slow pace of house construction. (AP Photo/John Bazemore)

CHARLESTON, S.C. (AP) – Home sales in the Charleston area were dampened by last month’s historic rains although 2015 is still expected to be a record year.

Residential sales in Charleston, Berkeley and Dorchester counties were up only about 2 percent in October compared with October of last year.

Despite a slowdown, sales volume for the year is up about 15 percent over the first 10 months of last year.  And 2015 is expected to set a record by year’s end.

Real estate agents say that flooding and rains in early October affected home showings and sales.

Figures from the Charleston Trident Association of Realtors show the median sales price for a home in October was $225,000, up about $10,000 from a year ago.

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