Friday, December 13, 2013
Charleston Real Estate Market Update 2013
Welcome to my video blog. I will be sending you videos throughout the month keeping you informed on what's happening in our local Charleston market from interest rates, to pricing to tips on how to sell your home!
Today I wanted to talk about what the real estate market was like in 2013. Over the year we saw an increase in sales of 21% and a decrease in inventory of 10%.
This means we are transitioning from a buyer's market to a seller's market. If you are thinking about selling your home, now is a fantastic time. Inventory levels are at about three months and homes have appreciated by about 8%. Not only that, but sellers on average have a 96% sale to list price ratio.
It's not just good news for sellers; buyers still have incredible interest rates. Money has never been cheaper to borrow.
If you have any questions about the market, please give me a call! Thanks for watching!
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Nice video. Very informative. Looking forward to your future ones. AND - hopefully will sell my house next year and move to Charleston.
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ReplyDeleteThat is so cute, I would of never thought of that. I am definitely making me one or maybe a few! LolSanta Barbara Green Construction