The Real Estate Blog

It's a much different real estate market than it was a couple of years ago. The first half of this year, sales were strong, but they seem to have slowed since.  According to a report on our state Realtor website, sales are down since July, but values are up on average, in South Carolina.  They sum it up by stating, "The housing market is trying to hold its ground until the job situation improves.  Only after widespread, private-sector hiring will demand be restored to the market and prices continue to stabilize. Until then, it’s a hurry up and wait game." 

Bottom line-- if you are a buyer, you have a wide selection of houses available to you right now. Keep in mind that if the sellers are smart, they are pricing their houses properly, and not significantly overpricing; in other words, this doesn't mean you'll be able to go in and offer a ridiculously lower price and get the house for that amount.  But you can get a good house, for a good price!  If you are a seller, your house may be worth less now than it was a few years ago, and you may not make as much money from the sale now... But when you buy your next house, you will benefit from the change in the market on the buying end!!