Currently, there are about 50% less homes for sale in the Charleston market as there were this same time last year. One would think this means that there are fewer home sales. That’s not been the case. We’re seeing about the same number of home sales this year as last year, despite the 50% reduction in inventory. Homes on the market tend to sell very quickly and for more money. Whether you want to buy or sell, we think we can help you achieve your goal despite this challenging market. Let us know below if you’re interested in buying or selling. We’ll be in touch within the next 24 hours for a no-obligation, no-cost, no-pressure discussion of the market, your goals and how we can help you get the job done.

SELLERS

According to market statistics, now is a great time to sell your property. Again, the currently available housing inventory is about 1/2 what it usually is, yet buyers have hardly slowed down. Rates are historically low and seem to be staying that way for some time, which is creating a real boost in a buyer’s ability to qualify for mortgages. The Charleston area has always attracted transplants from other areas, but with the ability to work remotely, droves of urbanites are leaving major cities and moving to smaller markets like the Charleston metro area. These buyers tend to be well qualified and highly motivated to get relocated ASAP. What this means is that new listings tend to sell much quicker than prior years. In addition, the media sales price has been increased by about $7,000 from last year indicating that home values are increasing due to the lack of inventory and competition. It’s more than likely that a reasonably priced home will sell within 30 days for near or above the suggested list price. If you have been interested in discussing selling a property, feel free to reach out to us by filling out the form below.

BUYERS

As mentioned above, this severe reduction in inventory has made it very difficult for our buyers to find the types of properties they’re looking for. We have also seen a significant increase in home prices due to this competition. We have found that during these times, the real trick is to be QUICK and RESPONSIVE as your Realtor. We focus heavily on our technologies to bring the market to you so that we can all move as swiftly as possible. In addition to this, we also have relationships within the real estate industry that we can leverage to help you find your dream home as efficiently and easily as possible. In addition, mortgage rates are at near historical lows and appear to staying that way for some time. This means many buyers are qualify for more home than they otherwise would. We have strong relationships with mortgage lenders, real estate attorneys, home inspectors, contractors and more so that you never have to worry about the process. Whether you want to buy right away or just want to start looking around, you can reach out to us to discuss your options by filling out the form below.