I have good news—the spring market of 2017 is the best market Charleston has ever seen in the history of our real estate economy.
The median sales price for Charleston homes is higher than it has ever been. How high? Home prices this last January were 9.5% higher than they were in January 2016. The number of homes for sale is also down 20%.
These numbers make sense in terms of supply and demand. The demand to live here in Charleston is high. We’re not only a popular vacation destination, we’re also a popular place to move. As a result, supply is being reduced. The number of homes sold this spring is up 6% compared to last spring.
Another important thing to note is inventory always reaches its peak in July in our market. We have low inventory right now in March, and we know more houses are about to come on the market. If you’re thinking about selling a home, why not take advantage of the highest prices in the history of Charleston? While we have low supply, get your home sold for a very high price before everybody else hits the market this summer.
If you’re thinking of selling your home or just want to know how much it’s worth, just give us a call and we’d be happy to give you an instant market value. We look forward to hearing from you!
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