This large metro area in southern South Carolina includes old towns like Beaufort, as well as more modern developments like the resort communities on Hilton Head Island.
"[The area] has history and charm without the hassles of bigger cities," said Edward Dukes, a broker with Low Country Real Estate.
The region was also the best buyers' market in the nation in February, according to Realtor.com. Home prices dropped 5% from the year before, hitting a median price of $269,900.
Homes stay on the market for an average of 156 days, giving buyers plenty of time to shop around and bargain with sellers. But the great deals may not last long.
"More deals are closing, there are more multiple bids, and fewer homes on the market," said Dukes.
From Los Altos, Calif. to Brooklyn, N.Y., these 20 cities had the highest number of home sales exceeding $1 million during the 12 months ended June 30, 2013.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.48%||4.38%|
|15 yr fixed||3.49%||3.42%|
|30 yr refi||4.47%||4.37%|
|15 yr refi||3.48%||3.41%|
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