Water damage has been prevalent in the Lowcountry lately, but that doesn’t mean it’s obvious when you are buying a home. What can you do to protect your investment and make sure you aren’t buying a money pit?

Brexit was a boon to not only our mortgage rates here in the U.S. but also to our real estate market in general. What does this mean for buyers and sellers?

October ushered in Hurricane Matthew and a massive evacuation of South Carolina’s low-country. However, October’s home sales stayed steady and strong. Our region saw a higher number of homes sold, and a higher median sales price compared to October 2015. Sales volume is expected to quiet some heading into the holiday season, but price growth is expected to remain steady due to the limited inventory of homes, according to CTAR President Michael Sall.

Inventory has declined by 19% over the last 12-month period, with 5,285 homes listed as “active” for sale in the Charleston Trident Multiple Listing Service (CTMLS) as of October 31.  We expect that inventory will remain low, as it traditionally does, through the winter.

According to data released by CTAR, 1,272 homes sold in October in the Charleston region at a median price of $240,000. Sales volume and median price declined slightly, as expected, heading into the Fall. In October 2015, 1,264 homes sold at a median price of $225,000.

Year-to-date figures show 14,963 homes sold at a median price of $240,000 in our area. Comparing year-to-date figures from 2015, sales volume has increased 9% and buyers are paying 6% more for homes in the region than they did last year.

This year, my team and I will once again build a new house with Habitat for Humanity. We already have our quota of volunteers, but there are other ways you can help.

Grab your oyster knives and celebrate, Charleston!

Hurricane Matthew did considerable damage to a lot of homes in the Charleston area. Luckily, we know many contractors who are ready to work to fix them.

Since demand is high and inventory is low, fall is the perfect time to sell your home in Charleston.

For the past few years, we have taken a day out of our busy schedule of buying and selling homes to build one. We have loved working with Habitat for Humanity in the past and are excited to work with them again. On Friday, November 4th, we will be building another home and we want you to join us. To get more information about the event and to find out how you can help, read our post.