Are Charleston Tri-County Home Values on the Rise?

Charleston Real Estate Podcast with Dave Friedman

There are many great Charleston area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at [phone] for a FREE home buying or selling consultation to answer any of your real estate questions.

It's time once again for a brief update on where the Charleston Tri-County market is heading and what it means for you!

We've seen a huge improvement in the market when comparing January-July 2014 to the same time period this year. Right now, the amount of transactions is up 17%, while the amount of transaction volume is up 23%. The great news is that, while there are a lot more sales this year, there has also been a spike in listings, as we've seen 11% more new listings this year in comparison to last year.

As the summer continues, more and more sellers are gaining equity in their homes and they are able to sell them for what they are actually worth. The great thing is we'll continue to see a lot of listings come on the market throughout the year before tapering off around November. Additionally, we've seen a modest appreciation of home values this year, around 5%, which is indicative of a stable, healthy market.

If you're a seller, it's still a great time to put your home on the market, as inventory is very limited, so homes are selling quickly and for about 97% of the asking price on average. If you're buying, working with a real estate professional will give you the best shot at locking in the home of your dreams in this competitive market.

If you have any questions, or if you need real estate assistance of any kind, don't hesitate to reach out to us. We're always available to be your Charleston Tri-County real estate resource.