There’s a Long Line of Buyers Waiting for
Your Charleston House to Hit the Market!
If you’re following what’s happening in the housing market right now, you know that many people believe the winter months aren’t a good time to sell a home. As realtor.com Senior Economist George Ratiu recently noted,
“Sellers tend to be more reluctant to list during the colder time of year when the market typically makes a seasonal slowdown.”
However, a recent report by ShowingTime reveals how this year is different. Buyer activity is way up compared to the same time last year. The report explains,
“The nation’s 12.6% growth in home showings compared to 2018 was the most significant jump in buyer traffic during the current four-month streak of year-over-year increases. The West Region saw the greatest growth in activity, with a 23.1% jump – the region’s greatest in the history of the Showing Index.”
The increase has spread across all four regions of the country, as the graph below shows:
Inventory Levels by Area in Charleston
As you can see most areas in Charleston are in a severe drought of home inventory- this is an advantage for sellers.
The competition among buyers is fierce going into 2020.
Waiting for the Charleston “spring buyers’ market” may be a mistake this year. It seems the purchasers are already out and looking to buy.
Give ChuckTown Homes Real Estate a call and let us show you what we know about Charleston Real Estate!