Posts filed under Market Updates
What are Buyers Doing in Today’s Market? - September 2022
Posted Fri, Sep 2nd 2022 9:00 am
Short answer: Buyers are waiting. According to the United States Department of Housing and Urban Development (HUD), prices for new homes jumped $80,000 in two years. It normally takes a decade or l...
Posted Fri, Sep 2nd 2022 9:00 am
Short answer: Buyers are waiting. According to the United States Department of Housing and Urban Development (HUD), prices for new homes jumped $80,000 in two years. It normally takes a decade or l...
August 2022 Market Update
Posted Sun, Aug 7th 2022 9:00 am
August Market Update:The news of the market’s demise has been grossly exaggerated. Did you know that single-family home prices went up in July? Did you know that mortgage rates have only gone up 0....
Posted Sun, Aug 7th 2022 9:00 am
August Market Update:The news of the market’s demise has been grossly exaggerated. Did you know that single-family home prices went up in July? Did you know that mortgage rates have only gone up 0....
July 2022 Market Update
Posted Wed, Jul 6th 2022 9:00 am
For single-family homes, the average price dropped $30,000 in June 2022. We experienced a similar drop in October 2020 and thought it was a market correction. Then, over the course of 19 months, th...
Posted Wed, Jul 6th 2022 9:00 am
For single-family homes, the average price dropped $30,000 in June 2022. We experienced a similar drop in October 2020 and thought it was a market correction. Then, over the course of 19 months, th...
May 2022 - Market Update
Posted Wed, May 4th 2022 9:00 am
I wish I could tell you yes… but it's not really reflected in the data. Yes, we see prices dropping on over-priced homes that are listed for sale. For example, if homes in a neighborhood are sellin...
Posted Wed, May 4th 2022 9:00 am
I wish I could tell you yes… but it's not really reflected in the data. Yes, we see prices dropping on over-priced homes that are listed for sale. For example, if homes in a neighborhood are sellin...
February 2022 - Market Update
Posted Thu, Mar 3rd 2022 9:00 am
$5,000 - In February, the average price of a single family home increased from $310,000 to $315,000. 1.5 months - The amount of inventory that we currently have available in single family homes. T...
Posted Thu, Mar 3rd 2022 9:00 am
$5,000 - In February, the average price of a single family home increased from $310,000 to $315,000. 1.5 months - The amount of inventory that we currently have available in single family homes. T...
Waiting on the Market to Bust?
Posted Tue, Jan 4th 2022 9:00 am
Whether you're selling shoes or homes, the basic economic principle of supply and demand governs the price of any product. If you have lots of inventory and low demand, your price will be low. If y...
Posted Tue, Jan 4th 2022 9:00 am
Whether you're selling shoes or homes, the basic economic principle of supply and demand governs the price of any product. If you have lots of inventory and low demand, your price will be low. If y...
December 2021 Market Update
Posted Fri, Dec 3rd 2021 9:00 am
In November 2021: The average sales price across all property types was $311,175 compared to November 2020 which was $268, 474. The overall supply of properties was 1.2 months of inventory, compa...
Posted Fri, Dec 3rd 2021 9:00 am
In November 2021: The average sales price across all property types was $311,175 compared to November 2020 which was $268, 474. The overall supply of properties was 1.2 months of inventory, compa...
Will Housing Prices Drop?
Posted Fri, Oct 8th 2021 9:00 am
Will Housing Prices Drop? The Department of Housing and Urban Development has tracked data since the 1960's. If you trend the Median Sales Price of Homes over the last 60 years... prices go up. On...
Posted Fri, Oct 8th 2021 9:00 am
Will Housing Prices Drop? The Department of Housing and Urban Development has tracked data since the 1960's. If you trend the Median Sales Price of Homes over the last 60 years... prices go up. On...
September 2021 Market Update
Posted Fri, Sep 3rd 2021 9:00 am
As we move into fall, it looks like the market is going to remain strong for sellers. The market typically cools off at the end of summer but low inventory continues to favor people selling their h...
Posted Fri, Sep 3rd 2021 9:00 am
As we move into fall, it looks like the market is going to remain strong for sellers. The market typically cools off at the end of summer but low inventory continues to favor people selling their h...
July 2021 Market Update
Posted Thu, Jul 29th 2021 9:00 am
Up 30k! Prices are up and up and up! Across the entire MLS for all types of properties (single family homes, condos, townhomes and land), prices have increased by an average of more than $30,000 s...
Posted Thu, Jul 29th 2021 9:00 am
Up 30k! Prices are up and up and up! Across the entire MLS for all types of properties (single family homes, condos, townhomes and land), prices have increased by an average of more than $30,000 s...
Tips for Buying in Our Current Market
Posted Wed, May 5th 2021 9:00 am
According to April 2021 data from the Coastal Carolina Association of Realtors:- Prices on all properties are up 10.4%- The number of properties for sale is down 29%- Average days on market has gon...
Posted Wed, May 5th 2021 9:00 am
According to April 2021 data from the Coastal Carolina Association of Realtors:- Prices on all properties are up 10.4%- The number of properties for sale is down 29%- Average days on market has gon...
Our Market is Moving Fast!
Posted Tue, Jan 19th 2021 9:00 am
Our market is moving fast for a variety of reasons: low supply of properties, high demand as more people move to our area and historically low interest rates! Availability of resale single family ...
Posted Tue, Jan 19th 2021 9:00 am
Our market is moving fast for a variety of reasons: low supply of properties, high demand as more people move to our area and historically low interest rates! Availability of resale single family ...