Home sales in Cherokee County rose increased in February, compared to the previous month, but were still way below last year’s level:

• Sales in February were 162, compared to 131 in January 319 in February 2007.
• Sales for the first two months of this year were 293 compared to 532 in the first two months of 2007.
• The average price of homes sold in the first two months of 2008 was $238,344, a 2.6% drop from the comparable period last year.

So, sales are heading in the right direction, although they have a long way to go to catch up to the pace of the last few years and especially to absorb the current inventory of 3,160 homes on the market in Cherokee County.  1568 listings were added to the Cherokee County inventory during January and February, which was slightly below from 1624 listings added during the same period last year.

If you are interested in knowing the sales activity in your neighborhood, go to my web site, www.YourCherokeeCountyHome.com and click on “Your Home’s Value.”

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